Marketers Promise Nigerians ‘Mother of All Fuel Queues’, Counter Govt N74bn Subsidy Payment Claim

Marketers Promise Nigerians ‘Mother of All Fuel Queues’, Counter Govt N74bn Subsidy Payment Claim

  • Petrol marketers have warned Nigerians to be prepared for mother of all fuel queues in the coming week
  • The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) recently claimed paying the marketers N74bn
  • However, the marketers denied receiving any subsidy payment from the federal government as claimed by NMDPRA

Dealers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have denied being paid N74 billion by the Federal Government as bridging claims for the transportation of petroleum products.

According to the Punch, the marketers warned that Nigeria could witness “the mother of all queues” from next week if the Federal Government fails to pay the 12 months bridging claims being owed operators in the downstream oil sector.

Legit.ng had earlier reported that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) claimed paying N71,233,712,991 bridging claims and another N2,736,179,950.84 freight differentials to marketers as at June 6, 2022.

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Marketers send warning on fuel queues return
Black market traders on the street of Lagos Credit: @guardian
Source: Facebook

However, Mohammed Shuaibu, Abuja-Suleja IPMAN Secretary countered the position of the NMDPRA on the payments of bridging claims.

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Referring to the Chief Executive of NMDPRA, Farouk Ahmed, the IPMAN official said:

“He (Ahmed) alleged he has paid marketers N74bn right? We have accused him of sabotaging our efforts by not paying us our bridging claims and that is the fact.
“We are not disputing because he says he paid, but we do urge him to identify the marketers he paid. Let him go through every detail. Let him retrieve the papers. Come out and provide an explanation to the public if you claim to have paid N74 billion to our members but we assert that you have not.
"In any case, he will explain to the public and the presidency how the problem got to that level by the time we completely detool within the next week, since this one will result in the mother of all lines."

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Shuaibu added:

“You are owing a marketer, for example, N30m or N20m, you paid him N150,000 or N200,000 and you now go on air to say you have paid the marketer. Is there any justification to that effect?”

Fuel scarcity: Commuters stranded, motorists lament as long queues resurface in Lagos

Recall that Legit.ng reported that on Monday, June 20, long queues for Premium Motor Spirit (PMS), also known as petrol had resurfaced in filling stations across Lagos state.

This is coming two weeks after the long queues were first spotted in the Federal Capital Territory, Abuja, and neighbouring Nasarawa and Niger states, among others.

Meanwhile, President Muhammadu Buhari had approved an increase in the freight rate being paid to transporters of petroleum products in a bid to clear the persistent fuel queues by motorists in parts of the country.

Source: Legit.ng

Authors:
Dave Ibemere avatar

Dave Ibemere (Senior Business Editor) Dave Ibemere is a senior business editor at Legit.ng. He is a financial journalist with over a decade of experience in print and online media. He also holds a Master's degree from the University of Lagos. He is a member of the African Academy for Open-Source Investigation (AAOSI), the Nigerian Institute of Public Relations and other media think tank groups. He previously worked with The Guardian, BusinessDay, and headed the business desk at Ripples Nigeria. Email: dave.ibemere@corp.legit.ng.

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