Northern fuel marketers threaten strike over N50bn bridging fund
Northern Independent Petroleum Marketers Forum have threatened to withdraw their services over the failure of the Federal Government through the defunct Petroleum Equalization Fund to settle their bridging claim of N50bn for nine months.
This, they said, had forced many marketers out of business of petrol supply and distribution.
The bridging claim is the amount paid to a petrol transporter by the Federal Government for moving fuel from one part of the country to another in order to ensure that the cost of the commodity is equal nationwide.
The marketer expressed worries that failure to claims might lead to scarcity of fuel in the North as the majority of their members had run out of capital and could not buy and transport petrol in the region.
They disclosed this in a statement issued on Sunday in Kano by their Chairman, Alhaji Musa Maikifi.
According to the statement, Maikifi disclosed this during a meeting with members of his association from the nine depots across the northern states.
He stated that for the past nine months, oil marketers had made efforts to get their money paid but this has been futile.
Maikifi was quoted in the statement as saying, “This this continues in this way, so many of us would have to close down our fuel stations. This will add to the fuel scarcity in the region because the marketers have no capital.
“The Federal Government couldn’t settle our claims of over N50bn. We met the authority involved and they promised to pay us but yet they have not. So, this is why we are here to plead with them to pay us our unsettled claim so that we can continue our business smoothly”.
The Secretary of the forum, Alhaji Zarma Mustapha, said the bridging claims should have been paid within two weeks but for months now, the claims had not been settled, adding that over 3,000 marketers from the North were involved.
He said, “One thing that would surprise you is that this money does not belong to government. It is generated from the consumers that purchase fuel from us marketers and the NNPC gather the money and then pay us through PEF. But still, they hold our money”.
