The Independent Petroleum Marketers Association of Nigeria (IPMAN) has attributed the recent fuel price hike to alleged extortion by the Department of State Services, (DSS) the police, and other government agencies.
Chinedu Okoronkwo, the National President of IPMAN made the claim during a public hearing by the House of Representatives ad hoc Committee on the fuel price increase.
Okoronkwo also stated that IPMAN members no longer import fuel directly due to being owed approximately N250 billion by the Nigerian National Petroleum Company Limited, NNPCL.
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He urged the Federal Government to instruct its agencies to cease imposing arbitrary charges that contribute to the fuel price.
The President recommended a switch to Compressed Natural Gas, CNG.
He said:
“In spite of the excruciating pain of subsidy removal, it is something that can act as a succour in the country if we must live and be happy.
“Energy everywhere is critical..It is on the security list of every nation and God has given us the best in gas that can last for over 500 years.
“What we require now is to build the market; the demand will be there. We need this House to help us build the market.
“Everyone is feeling the pinch, everyone has taken the bullet and palliatives are just for some time.”
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