FG PAYS PETROL BRIDGING CLAIMS OF N22.7BN TO TRANSPORTERS

Written by on February 3, 2022

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) say the Federal Government has paid bridging claims amounting to N22.7 billion to transporters of petroleum products.

The Chief Executive Officer, NMDPRA, Farouk Ahmed, made this known during an interactive session with downstream industry officials on Wednesday in Lagos.

Ahmed added that the government would pay another N30 billion to the transporters before the end of this week to ensure the smooth distribution of petroleum products across the country.

The session had in attendance top officials of the Nigerian National Petroleum Company Ltd., the Major Oil Marketers Association of Nigeria and the Depots and Petroleum Products Marketers Association of Nigeria.

He said that another area of concern is the transporters and payment of their bridging funds.

He attributed the delay in the payment of the bridging funds, which was paid for transporting petroleum products by road to long distances, to verification of the claims of the transporters by the agency.


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