The Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened to cripple the supply of Premium Motor Spirit (PMS) aka petrol over the non-payment of N200billion bridging claims.
Not a few Nigerians say the threat portends more hardship for the citizens who, in the last one week, have gone through harrowing times due to scarcity of the product.
The association’s unit chairman and spokesperson, Aba Depot, Mazi Oliver Okolo, issued the threat while claiming the backing of the IPMAN national leadership.
He claimed that the debt is being owed by the Nigerian Midstream and Downstream Petroleum Regulatory Commission (NMDPRA).
Okolo lampooned the NMDPRA for failing to pay the N200billion debt despite a directive for payment from the Petroleum Minister (Oil), Heineken Lokpobiri.
The IPMAN depot chairman claimed that since the directive by the minister in February 2024, only N13billion had been paid to their members, saying that the unpaid claim has crippled their businesse.
“We are extremely distressed and depressed by the laidback attitude of the leadership of the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA), towards the survival of our member’s businesses, arising from NMDPRA’s deliberate delay and refusal to offset the debt of over N200 Billion owed our members, which has consequently led to the deaths of many of our members and the unfortunate collapse of their businesses.”
He also blamed the Nigerian National Petroleum Company Limited (NNPCL) – sole importer of petroleum products – for the current nationwide petrol scarcity, adding that some of its members have “completely” shut down their businesses, and retrenched their employees.
“We have watched with apprehension also, the unpatriotic attitude of the leadership of the NMDPRA to offset this debt that has been accrued to us since September 2022. As businessmen and women, our members acquired bank loans to keep their fuel retail outlets running daily across the nooks and crannies of Nigeria, to serve the teeming population of Nigerians.
“However, it is demoralising to know that many of our members have gone bankrupt and have become financially insolvent as a result of their inability to meet their financial obligations to their banks, arising wholly from their inability to get their monies from the NMDPRA. Consequently, also, the banks have taken over the business premises of many of our members. As indigenous organisations, and Depot Chairmen, we are unhappy that rather than receiving support from the government to boost our businesses, we are being discouraged, by the head of NMDPRA.
“It is noteworthy to recall and state here that at a stakeholders meeting held on the 20th of February, 2024 with Mr. Heineken Lokpobiri, the Honourable Minister of Petroleum Resources (Oil), and the NSA Nuhu Ribadu, Engr. Farouk Ahmed, the Chief Authority of NMDPRA, was mandated by Mr. Heineken Lokpobiri to clear the entire debt in 40 days. However today, we have crossed the 40 days time-lapse given to the NMDPRA to clear the debt, and it is shameful to state that only the paltry sum of N13bn has been paid, thus going the whole length to ignore our plight without remorse and without recourse to the Honourable Minister’s directive,” the statement added.