N500bn Unpaid Claims: Fuel Crisis will Get Worse – Marketers
The Independent Petroleum Marketers Association of Nigeria has advised Nigerians to prepare for the worst fuel crisis.
The association asked the Federal Government to get the Nigerian Midstream and Downstream Petroleum Regulatory Authority to pay their outstanding bridging claims amounting to over N500 billion in order to avoid this.
The IPMAN Kano chairman, Bashir Danmalam, revealed this while addressing a news conference in Kano State.
He says the failure of the NMDPRA to pay the the bridging claims, otherwise known as transportation claims, had forced many of its members out of business as they couldn’t transport the commodity due to high cost of diesel.
He lamented that non-payment of the claims by NMDPRA for over eight months had crippled the businesses of many of their members as they couldn’t transport the commodity even though it was available.
“NMDPRA is responsible for the payment of bridging claims otherwise known as transportation claims
“For failure of the NMDPRA to pay the outstanding claims for about nine months, many marketers cannot transport the product because their funds are not being paid. Despite the high price of diesel, they manage to supply the petroleum products nationwide.
“The resurfacing of fuel queues in Abuja is just a tip of the iceberg with regard to the petroleum scarcity.
“Out of 100 per cent, only five per cent of the marketers can supply the petroleum products because of the failure of NMDPRA to pay them.”
Therefore, Danmalam urged the Federal Government to intervene before the situation worsened and spread to other parts of the country.
“As leaders, we have to come out to say the truth because our members are suffering from the failure of the agency to pay the fund. This Petroleum Equalisation Fund is our own money we contribute to each litre. This agency is doing more harm than good to us,” Danmalam said.
He added that Nigerians should not blame their members for the fuel scarcity but rather ascribe it to NMDPRA.
He added, “We are not agitating for a transportation fee increase, we are only clamouring for payment of our bridging claims that is over N500 billion”.