• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, August 28, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Federal Govt Pays N103bn Bridging Funds To Oil Marketers In 8 Months – NMDPRA

by Nse Anthony - Uko
3 years ago
in Business
Oil Marketers
Share on WhatsAppShare on FacebookShare on XTelegram

The federal government has disclosed that it paid oil marketers a total of N103.03 billion in the past eight months as bridging cost for the transportation of petrol across the country.

Advertisement

The government’s clarification came two days after the Northern Forum of the Independent Petroleum Marketers Association of Nigeria, IPMAN, threatened to withdraw their services citing huge debts owed to its members by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA).

Recall that IPMAN had on Monday, announced the commencement of 3-day withdrawal of services as warning strike by their members.

It also declared withdrawal of their long heavy duty vehicles from the nine depot’s in the 19 Northern states of the country following failure of the NMDPRA to settle their  over N70 billion outstanding bridging claims despite all pleas and lobbies

But NMDPRA in a statement in Abuja explained that the payment of bridging claims was a continuous process, disclosing that a meeting has been held with the group to resolve the issue.

RELATED

GMOs Flood Nigerian Markets, As Federal Govt Urged To Examine Biosafety Guidelines

Introduction Of GMOs Not To Poison Nigerians, Says Official

4 hours ago
Flight Cancellation: NCAA Launches Complaints Automation Portal

NCAA Launches First SERVICOM Integrated Service Charter

23 hours ago
ADVERTISEMENT

“Previous engagements and today’s meeting addressed issues regarding bridging claims and other matters. The Authority would like to reiterate that payment of bridging claims is an ongoing process and payments are disbursed as it is received from Marketers.

“It should be noted that The Authority has disbursed a total of N103,037,183,922.91 Naira between December 2021 to August 2022.

“Following the extensive deliberations between the parties, The Authority further commits to fast-track the settlement of all outstanding claims when received from marketers after due verification and reconciliation. NIPMF has agreed to work with the NMDPRA to ensure free flow of petroleum products nationwide”, it added.

ADVERTISEMENT

The spokesman of the forum, who is also the financial secretary of IPMAN, Alhaji Abdulkadir Mustapha,  at a press conference held at the IPMAN Maiduguri office had said:” We the members of IPMAN wish to clarify the air on our resolution to embark on three days withdrawal of services, as a warning strike action.

“For years, we have been following up the matter and lobbying the management of the NMDPRA regarding our unsettled bridging claims button.”

He had stated that a little  payment was made  less than five per cent of the total debts owed by the authority, adding that, the worst if it all, is that no payment was made for the year 2022 while claims for 2019, 3020 and 2921 are still unpaid.

“Though, some few payments has been made which is lesser than five per cent of our claims, but greater part of the claims had not been settled. Moreso, no payment had been made with regards to this year’s claim and year 2019/2021 still remain unpaid.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: IPMAN
SendShare10172Tweet6358Share
ADVERTISEMENT
Previous Post

China’s Strides In Space Technology Inspire Young Nigerians

Next Post

Kaduna Electric Seeks Improved Customers’ Response Bills Payment

Nse Anthony - Uko

Nse Anthony - Uko

You May Like

GMOs Flood Nigerian Markets, As Federal Govt Urged To Examine Biosafety Guidelines
Agriculture

Introduction Of GMOs Not To Poison Nigerians, Says Official

2025/08/28
Flight Cancellation: NCAA Launches Complaints Automation Portal
Business

NCAA Launches First SERVICOM Integrated Service Charter

2025/08/27
Equities Market Extends Rebound With N204bn Gain
Business

Equities Market Extends Rebound With N204bn Gain

2025/08/27
State Of Emergency In Rivers: Way Forward
Business

Tinubu Bans Raw Shea Export For Six Months, Eyes $300m Revenue Boost

2025/08/27
Nigeria’s Poor Electricity, Weak Infrastructure Hinder Growth But Present Investment Opportunities – Awele Elumelu
Business

Nigeria’s Poor Electricity, Weak Infrastructure Hinder Growth But Present Investment Opportunities – Awele Elumelu

2025/08/27
Renaissance Energy Africa Reaffirms Commitment To Safety Operations
Business

Renaissance Energy Africa Reaffirms Commitment To Safety Operations

2025/08/27
Leadership Conference advertisement

LATEST

TETFund’s Electrification Drive: Ending Power Outages In Tertiary Institutions

PDP And The Road To 2027

Bauchi Records 70% 2025 Budget Performance

Niger Republic Prime Minister, Others Celebrate Hausa Day In Daura

Federal Gov’t Urged To Review Ban On New Varsities, Others

ACReSAL Hails Governor Yahaya Over Gombe’s Environmental Restoration

Minister Reaffirms Commitment To Waterway Safety

Group Lauds Tinubu, Armed Forces Over Ansaru Breakthrough

We’ll Drive Nigeria’s Devt With Tech, Food Security – Tinubu

Entries Open For Diamond Awards For Media Excellence

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.