The Northern Independent Petroleum Marketers Forum said its members would embark on a strike if the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) fails to pay them over N250 billion outstanding bridging claims.

The chairperson of the forum, Musa Maikifi, in a press conference on Thursday in Kano, said the forum’s members are being owed over N250 billion bridging claims.

Mr Maikifi said the bridging claims represent the cost of transporting fuel from pipelines and product marketing company depots to approved zones to ensure a uniform pump price across the country.

The forum comprises nine depots in the north of the country – Kano, Kaduna, Suleja, Minna, Jos, Maiduguri, Gombe and Yola depots.

He said the delay in paying them was threatening their businesses as some of their members could not afford to supply petroleum and sell it at various outlets.

According to the forum, the money, if paid, would be utilised by their members to sustain their business.

Mr Maikifi said the failure of the government to pay the amount on time would affect the transportation of the fuel to the entire northern states.

Also speaking at the event, the secretary of the forum, Jarma Mustapha, said there were other outstanding bridging claims since the defunct Petroleum Equalization Fund that have still not been paid.

“We have outstanding bridging claims up to the day when the end of the deregulation was announced by the new President (Bola Tinubu).

“As the new deregulation regime started now, we are faced with difficulties such as lack of capacity and lack of capital to continue our business because most of our capital was hanged with the defunct Petroleum Equalization Fund.

“We are now calling on President Bola Ahmed Tinubu to intervene so that the whole of our outstanding claims, up to the 30th May 2023, when the new deregulation was announced, should be paid for our members to continue getting enough capital to continue being in business.

“Almost all of our members are going out of business. Based on that, we are appealing to the President to intervene, talk to the authorities concerned to immediately pay all our outstanding claims,” Mustapha appealed.

“The money used to pay for the bridging claims is the one contributed by the consumers, which is collected by the marketers, pay to NNPC, NNPC collects and pays into the collective fund of the Equalization Fund.

“That money is not budgeted, which is financed by the government. It is financed by the consumers through the marketers, basically to equalise prices across the country,” Mr Mustapha said.

BuhariCarryGo:
The Northern Independent Petroleum Marketers
Forum said its members would embark on a strike if
the Nigerian Midstream and Downstream Petroleum
Regulatory Authority (NMDPRA) fails to pay them over
N250 billion outstanding bridging claims.
The chairperson of the forum, Musa Maikifi, in a
press conference on Thursday in Kano, said the
forum’s members are being owed over N250 billion
bridging claims.
Mr Maikifi said the bridging claims represent the cost
of transporting fuel from pipelines and product
marketing company depots to approved zones to
ensure a uniform pump price across the country.
The forum comprises nine depots in the north of the
country – Kano, Kaduna, Suleja, Minna, Jos,
Maiduguri, Gombe and Yola depots.
He said the delay in paying them was threatening
their businesses as some of their members could not
afford to supply petroleum and sell it at various
outlets.
According to the forum, the money, if paid, would be
utilised by their members to sustain their business.
Mr Maikifi said the failure of the government to pay
the amount on time would affect the transportation
of the fuel to the entire northern states.
Also speaking at the event, the secretary of the
forum, Jarma Mustapha, said there were other
outstanding bridging claims since the defunct
Petroleum Equalization Fund that have still not been
paid.
“We have outstanding bridging claims up to the day
when the end of the deregulation was announced by
the new President (Bola Tinubu).
“As the new deregulation regime started now, we are
faced with difficulties such as lack of capacity and
lack of capital to continue our business because most
of our capital was hanged with the defunct
Petroleum Equalization Fund.
“We are now calling on President Bola Ahmed
Tinubu to intervene so that the whole of our
outstanding claims, up to the 30th May 2023, when
the new deregulation was announced, should be paid
for our members to continue getting enough capital
to continue being in business.https://www.premiumtimesng.com/news/top-news/612357-northern-petrol-marketers-to-embark-on-strike-over-n250bn-unpaid-subsidy.html

Mynd44 oam4j lalasticlala seun nlfpmod

The Northern Independent Petroleum Marketers Forum said its members would embark on a strike if the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) fails to pay them over N250 billion outstanding bridging claims.

The chairperson of the forum, Musa Maikifi, in a press conference on Thursday in Kano, said the forum’s members are being owed over N250 billion bridging claims.

Mr Maikifi said the bridging claims represent the cost of transporting fuel from pipelines and product marketing company depots to approved zones to ensure a uniform pump price across the country.

SpatialKing:
You know what it means when Northerners aren't happy..
The electoral value of APC is dropping fast

blamingthedevil:
They were actually not selling PMS before , they just collect money not worked from Federal Govt.

Thank again President Bola Tinubu for removing the biggest corruptions called Subsidy and Forex Stipulated Rate that other leaders could not achieved in the last 50 years.

My vote was not wasted
Enemies of Nigeria defeated.
God Bless Federal Republic of Nigeria

BuhariCarryGo:


https://www.premiumtimesng.com/news/top-news/612357-northern-petrol-marketers-to-embark-on-strike-over-n250bn-unpaid-subsidy.html

Flier:
Are you after his electoral value or how Nigeria will be great?

ManirBK:
The thing is they can't blackmail BAT to pay as he signed no such
contract with no one.
250billion subsidy for petrol smuggled to Niger and Chad.

Realtord43:
Tinubu have already warn against any strike action, embark on strike and get disband!

All Hail Dictator Tinubu