The Independent Petroleum Marketers Association of Nigeria has given a seven-day deadline to the Nigerian Midstream and Downstream Petroleum Regulatory Authority to settle outstanding bridging claims totaling N100 billion. Failure to meet this deadline may result in a withdrawal of services by the association.
The issue arose due to the NMDPRA’s failure to fulfill promises made 40 days ago, despite the presence of the National Security Adviser, Nuhu Ribadu. The unresolved situation could potentially lead to a scarcity of Premium Motor Spirit nationwide.
During a press conference in Abuja, the Chairman of the IPMAN Depot Chairmen Forum, Yahaya Alhasan, expressed frustration over the NMDPRA’s repeated delays in settling the bridging claims, which date back to 2024.
The association highlighted the challenges faced in Nigeria’s downstream petroleum sector, stressing the importance of resolving the payment issue promptly to avoid further consequences for its members. Alhasan emphasized that if the NMDPRA fails to pay the owed amount within seven days, services will be withdrawn across the nation.
Furthermore, IPMAN criticized the five per cent levy imposed by NMDPRA on its members for the sale of petrol stations, deeming it unconstitutional and detrimental to development. The association clarified that these funds were deducted from members’ payments to settle bridging allowances and expressed concerns over the debilitating effects of the prolonged non-payment on their businesses and livelihoods.
In addition to the outstanding bridging claims, IPMAN raised objections to excessive levies imposed by the NMDPRA, hindering members from modernizing their outlets to meet international standards. The association called for the suspension of these levies and urged the federal government to intervene in the dispute between IPMAN and the regulatory authority.
IPMAN warned of potential collective action with sister organizations if their demands are not met promptly, emphasizing the importance of immediate resolution to avoid further disruptions in the petroleum sector.