IPMAN Commends Subsidy Removal Demanding Release of N30.96 Trillion Worth of PMS by NNPCL

………by Jenifer Dike……..

The Suleja/Abuja branch of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has commended the removal of subsidy on Premium Motor Spirit (PMS) otherwise known as petrol but is demanding the Nigeria National Petroleum Company Limited (NNPCL) to release N30.96 trillion worth of the product meant for the IPMAN members

Addressing journalists at the Suleja/Abuja Secretariat of the Independent Petroleum Marketers Association of Nigeria, IPMAN, the marketers commended the federal government for ending the subsidy regime, however, said the industry will never stabilise if the outstanding product tickets are not settled by the NNPCL.

The concerned members of the association held a caucus meeting over the weekend, which comprises the chairmen of depots from Suleja/Abuja, Gusau, Minna and Kaduna, among others, expressed dismay over the long delay by the NNPCL to release the products to their members.

The Chairman of the Suleja/Abuja Secretariat of the IPMAN, Yahaya Ahman Alhassan, said the NNPCL sold the product tickets to their members between six to seven months now, used the money to import fuel into the country but has yet to dispense it up to this moment that despite several follow-ups.

The Suleja/Abuja branch chairman further stated that the bridging scheme must be retained to stabilise the distribution of the product to the nooks and crannies of the country.