The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), says it disbursed about N103.04 billion bridging claims to oil marketers between December 2021 and August 2022.
The Authority disclosed this at the end of its meeting with the Northern Independent Petroleum Marketers Forum (NIPMF), and the Nigerian National Petroleum Company (NNPC) Limited officials, on Tuesday in Abuja.
The Forum had threatened to embark on withdrawal of services due to accumulated unpaid bridging claims.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) across nine northern states had on Monday embarked on a three-day warning strike over non-payment of their bridging claims.
In a statement, the NMDPRA said it will fast-track the settlement of all outstanding claims when received from marketers after due verification and reconciliation.
It reiterated that payment of bridging claims is an on-going process and payments were disbursed as they were received from marketers.
The meeting addressed issues regarding bridging claims and other matters. NIPMF has agreed to work with the NMDPRA to ensure free flow of petroleum products nationwide.
The statement reads: “The meeting is in line with NMDPRA mandate to collaborate with industry stakeholders in ensuring uninterrupted supply of Premium Motor Spirit (PMS) throughout the nation.
“The meeting addressed issues regarding bridging claims and other matters. NIPMF has agreed to work with the NMDPRA to ensure free flow of petroleum products nationwide.”
NMDPRA assured that it will continue to carry out its mandate as stipulated in the Petroleum Industry Act (PIA), aimed at promoting and ensuring continuous and efficient operations of the Midstream and Downstream sector in Nigeria. (NAN)
