Nigerians may soon avoid a major fuel crisis as the federal government steps in to settle outstanding payments to petroleum marketers.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) confirmed that the government has pledged to clear a N100 billion debt to keep fuel supplies stable.
This development follows a heated standoff between IPMAN and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Marketers had threatened to halt fuel distribution nationwide if their payments were not made. The government’s assurance, given after weeks of tension, may prevent a disruptive strike that could have worsened fuel shortages and inflation.
IPMAN’s National President, Abubakar Maigandi, stated that talks with the NMDPRA and the Ministry of Petroleum Resources are ongoing. “We have received firm commitments that payments will be made soon,” Maigandi said. “We urge our members to remain calm as we finalize the process.”
A Delicate Balancing Act
For months, petroleum marketers have pressed the government to settle their bridging claims—funds meant to cover the cost of transporting fuel across the country to ensure uniform pricing. These debts, which reportedly date back to 2024, have strained the industry, with marketers warning of service disruptions if payments were further delayed.
The situation escalated when IPMAN issued a seven-day ultimatum to the NMDPRA, demanding immediate payment. With fuel already a sensitive issue in Nigeria, any disruption could have led to long queues at petrol stations and higher pump prices. However, the latest intervention suggests a resolution may be near.
IPMAN leaders remain cautious but optimistic. “While we appreciate the government’s commitment, we will continue monitoring the process to ensure timely disbursement,” said Yahaya Alhasan, Chairman of the IPMAN Depot Chairmen Forum. “Our members are counting on this.”
What’s Next?
IPMAN has called on marketers to remain patient while discussions continue. A high-level meeting with the NMDPRA is scheduled to finalize payment details, ensuring funds reach those affected. Meanwhile, the government is under pressure to prevent further disruptions, especially with Nigeria’s energy sector already facing broader economic challenges.
