Fuel scarcity may worsen as depot owners give 14-day ultimatum
While Nigerians across many states continue to grapple with the
unavailability of petrol at the official price, the situation may get
worse due to threat by depot owners.
On Tuesday, the Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, gave the federal government a 14-day ultimatum to settle a N650 billion debt allegedly owed its members.
Although the state-owned NNPC is currently the sole importer of petrol, a situation analysts have blamed for the unending scarcity, the NNPC has no major depots of its own and relies on DAPPMAN and other marketers to store the imported petroleum products.
In a statement by its Executive Secretary, Olufemi Adewole, DAPPMAN said failure to meet the deadline will force its members to disengage their workers.
Mr. Adewole said his had no other option to solve the problem of increasing debt burdens of borrowing to pay staff than to immediately commence massive staff disengagement.
“The unfortunate primary fallout of this step is the likely shut down of all DAPPMAN depots nationwide due to lack of manpower to operate same pending the time the federal government will pay off its indebtedness to petroleum marketers.
“This unfortunately will have a multiplier effect on the nationwide supply and distribution of petroleum products which presently is still a struggle,’’ he said.
Mr. Adewole said that a letter was written to the presidency on January 24 but government failed to respond to the plight of petroleum marketers, many of whom have become financially insolvent.
“We are continually under pressure from our banks/AMCON, with looming threats of imminent take-over of our petrol stations and tank farms.
“In the light of the above and after exhausting all formal avenues to secure payment of these debts, we have given government notice to the likelihood of disengaging our personnel.
On Tuesday, the Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, gave the federal government a 14-day ultimatum to settle a N650 billion debt allegedly owed its members.
Although the state-owned NNPC is currently the sole importer of petrol, a situation analysts have blamed for the unending scarcity, the NNPC has no major depots of its own and relies on DAPPMAN and other marketers to store the imported petroleum products.
In a statement by its Executive Secretary, Olufemi Adewole, DAPPMAN said failure to meet the deadline will force its members to disengage their workers.
Mr. Adewole said his had no other option to solve the problem of increasing debt burdens of borrowing to pay staff than to immediately commence massive staff disengagement.
“The unfortunate primary fallout of this step is the likely shut down of all DAPPMAN depots nationwide due to lack of manpower to operate same pending the time the federal government will pay off its indebtedness to petroleum marketers.
“This unfortunately will have a multiplier effect on the nationwide supply and distribution of petroleum products which presently is still a struggle,’’ he said.
Mr. Adewole said that a letter was written to the presidency on January 24 but government failed to respond to the plight of petroleum marketers, many of whom have become financially insolvent.
“We are continually under pressure from our banks/AMCON, with looming threats of imminent take-over of our petrol stations and tank farms.
“In the light of the above and after exhausting all formal avenues to secure payment of these debts, we have given government notice to the likelihood of disengaging our personnel.
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