PETROL scarcity and long queues at filling stations returned to the streets of Abuja yesterday.
The alleged indebtedness of the Federal Government has crippled the marketers’ effective procurement and distribution capacity; it was learnt last night.
According to the Independent Petroleum Marketers Association of Nigeria (IPMAN), the government was owing more than N100 billion in overdue bridging payment.
They alleged that the N100 billion debt due on procured petrol by the defunct Petroleum Equalisation Fund (PEF), now Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has not been paid despite persistent demand.
Earlier we spoke to Chinedu Ukadike PPRO of the Independent Petroleum Marketers Association of Nigeria IPMAN. Here’s he said.
