IPMAN Warns of Fuel Disruption Over Delayed Debt Payments by NMDPRA

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised concerns over possible fuel supply disruptions as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) delays settling long-standing debts. IPMAN's national president, Abubakar Maigandi, called for urgent action to clear the backlog of payments to prevent market instability.

While IPMAN commended the Nigerian National Petroleum Corporation (NNPC) for addressing its obligations promptly, the association urged the government to intervene and ensure timely payments to prevent fuel shortages. The situation highlights the challenges faced by the oil and gas sector in Nigeria, particularly regarding debt management and market stability.