As the Nigerian National Petroleum Company Limited (NNPCL) hands-off the monopoly of petrol importation, petroleum marketers have demanded immediate release
He said government should not mistakenly scrap Bridging Scheme as its not a government owned subsidy. “The scheme is self-funded by marketers. The government do not contribute a kobo into the scheme and the has helped various governments in the past to balance the distribution of the products in the country.
He further explained that the Nigerian economy is road-driven and therefore tampering with the bridging scheme will further divide the country and bring more hardship to the citizenry. The chairman however solicited government intervention to ensure the payment of all outstanding bridging claims with the Nigerian Midstream and Downstream Petroleum Regulatory Authority without delay.
“There are more than 4,000 outstanding tickets with the NNPCL and each ticket worth N7,740,000. Our fear is that most of our members borrowed from banks to buy the products and the loans are accumulating huge interest. Some of our members are being harassed by the bank officials.
He said a lot of Nigerian are currently struggling to pay the cost per litres at N537, only God know how much the litre will be if we are out of business due to the huge debts.
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