The Unbiased Petroleum Entrepreneurs Affiliation of Nigeria (IPMAN), on Monday, appealed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to pay its members their bridging claims of N500 billion.
Bridging claims is the price of hauling petroleum merchandise from refineries and depots to gas stations.
Addressing a information convention in Kano, the state’s chairman of IPMAN, Alhaji Bashir Danmalam, known as on the Federal Authorities to prevail on the company to pay the debt.
He warned that failure to pay entrepreneurs their excellent claims might trigger one other disruption in gas distribution.
He stated the debt had compelled many IPMAN members out of enterprise.
“The non-payment of the debt for over eight months has crippled the companies of many members as they can’t transport accessible petroleum merchandise.
“The resurfacing of gas queues in Abuja is simply the tip of the iceberg.
“Solely 5 % of entrepreneurs are nonetheless in enterprise,’’ Danmalam lamented.
He famous that because the merging of the Division of Petroleum Assets, the Petroleum Equalisation Fund, and the Petroleum Merchandise Pricing Regulatory Company into the NMDPRA, the company had paid entrepreneurs solely twice.
Danmalam known as on the Federal Authorities to intervene earlier than the scenario degenerated right into a severe gas disaster that unfold to different elements of the nation.
“We aren’t agitating for transportation charge improve; we’re solely clamouring for fee of our bridging claims that’s greater than N500 billion,’’ he pressured.