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Independent Petroleum Marketers Association of Nigeria (IPMAN) has given the Federal Government a 7-day ultimatum to pay its N100 billion bridging claim.
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Failure to pay the debt may lead to a nationwide fuel scarcity, as IPMAN threatens to withdraw its services.
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IPMAN also expressed frustration over the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) imposition of a 5% levy on its members.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has given the Federal Government a 7-day ultimatum to pay its N100 billion bridging claim.
According to the Chairman of the IPMAN Depot Chairmen Forum, Yahaya Alhasan, the debt has been owed for over a year, despite promises by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to pay.
Alhasan stated, “If NMDPRA doesn’t pay our money within seven days, we are going to withdraw our services across the nation.”
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He also expressed frustration over the NMDPRA’s imposition of a 5% levy on its members, describing it as “anti-developmental” and “unconstitutional.”
The IPMAN chairman emphasized that the association has given the NMDPRA enough time to pay the debt, but to no avail.
“We hereby call on the Federal Government of Nigeria, headed by President Bola Tinubu, to fully intervene in this prolonged dispute between the Depot Chairmen of the Independent Petroleum Marketers Association of Nigeria, IPMAN, and the Nigerian Midstream & Downstream Petroleum Regulatory Authority, NMDPRA,” Alhasan said.
Nigeria Bans 60,000-Litre Fuel Tankers from March 1 to Curb Road Accidents
The Federal Government of Nigeria has announced a ban on fuel tankers exceeding 60,000 litres from operating on Nigerian roads, effective March 1, 2025.
This decision was made in response to the rising number of road accidents involving heavy-duty petroleum tankers, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).