A Review of the Nigerian Energy Industry

We’ve not received subsidy payment – Fuel marketers

fuel-subsidy-removal14 March 2014, Abuja – The Independent Petroleum Marketers Association of Nigeria on Friday assured motorists that petrol importation would resume whenever they received payment from the ministry of finance.

The National President of IPMAN, Alhaji Aminu Abdulkadri, told the News Agency of Nigeria in Lagos that marketers had not received any payment from the ministry as claimed.

Abdulkadri said, “If we receive the payments before the close of work today, we will commence importation of fuel into the country immediately.

“We are financially down; no bank can lend us money when we have not paid the previous loans with accumulated interests.

“We appeal to the ministry of finance to expedite action on payment of marketers’ claims to save the country from another round of scarcity.

“As we speak, only NNPC can import petrol, while other marketers who are supposed to import 50 per cent are cash trapped.”

IPMAN alleged that the Federal Government had not paid subsidy arrears it owed its members since September 2013.

Abdulkadir said government had not paid its members for products imported since the third quarter of 2013 which forced them to stop further importation.

He said because of the situation, IPMAN members now depended on products imported by the NNPC.

“There are problems of payments. The way out is for the ministry of finance to act as quickly as possible to pay our members.

“There is nobody that will do a job that he is not paid for and he will continue,” he said.

NAN reports that the ministry of finance on Thursday said it had paid N41.074bn fuel subsidy arrears to 27 oil marketers.


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