Wednesday, 12 March 2014

Fuel Shortage Caused by FG’s Refusal to Pay Us Since September - Marketers

The Independent Petroleum Marketers Association of Nigeria (IPMAN) revealed that the fuel shortage sweeping the country is due to the government’s refusal to pay its members for petrol imports since September 2013, forcing them to cease importation.

Speaking to journalists in Abuja yesterday at an IPMAN meeting, the association’s national president Aminu Abdulkadir said its members now depended on imports by the Nigerian National Petroleum Corporation (NNPC).

"There is nobody that will do a job that is not being paid that will continue,” he said. “The only way out is for the Ministry of Finance to commence payment of part of last year Q3, Q4 and this year Q1.”

Abdulkadir revealed the Petroleum Products Pricing Regulatory Agency (PPPRA) only allow the NNPC to import 50 per cent of fuel used in Nigeria, while marketers, of which IPMAN members account for 87 per cent, import the remaining 50 per cent, putting pressure on the NNPC.

"We have done our best. Let them pay Q4 and Q1, then marketers will have the solvency to import and augment what NNPC is bringing."

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