FG pays oil marketers N103bn bridging cost in 8 months

The Federal Government (FG) on Wednesday disclosed that it paid oil marketers N103.03 billion between December 2021 and August 2022 as bridging claims.

This is contained in a statement issued by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), in Abuja.

It made the disclosure barely 72hours after the Northern branch of the Independent Petroleum Marketers Association of Nigeria (IPMAN), threatened to withdraw its services due to debts owed to its members.

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

“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 stated.

YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE  

ASUU Strike: Committee Of VCs Sets Up Peace Team, Mulls N800,000 Salary For Professors

THE Committee of Vice Chancellors of Nigerian Universities (CVCNU) has called on the Federal Government to pay University professors N800,000 as against the N1.2 million negotiated by the Nimi Briggs committee…..

 

LAUTECH Graduate Returns Certificate, Demands Fees Refund

One Oludare Alaba, a graduate of Agricultural Extension and Rural Development at the Ladoke Akintola University of Technology (LAUTECH), Ogbomoso, on Monday, stormed his alma mater returning his certificate and asking for a refund of fees paid to the school till he graduated….

 

31% Of Nigerians Still Can’t Read, Write ― FG

In spite of huge investment in the education sector in Nigeria, the Federal Government, on Monday, revealed that about 31 per cent of the nation’s population cannot read and write……

 

PDP Bigwigs Aided Buhari’s Re-Election —Wike

RIVERS State governor, Nyesom Wike, has made good his threat to expose alleged dirty dealings between the bigwigs of the Peoples Democratic Party (PDP) and notable members of the All Progressives Congress (APC) over the re-election bid of President Muhammadu Buhari in 2019….

 

Atiku To Meet Ex-PDP Presidential Aspirants Today

PEOPLES Democratic Party (PDP) presidential candidate, Alhaji Atiku Abubakar is to hold a meeting today in Abuja with co-contenders for the party ticket at the primary held in May 2022 in Abuja….

 

Oyetola Vs Adeleke: The Waiting Game Continues

In this piece, OLUWOLE IGE examines the current test of Senator Ademola Adeleke’s victory at the July 16 governorship election in Osun State at the Osun election petition tribunal…