A nationwide fuel scarcity is imminent in Nigeria as petrol marketers threaten to withdraw their services over an unpaid debt of N100 billion.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has given the government a seven-day ultimatum to settle the bridging debt owed to its members.

According to IPMAN, the debt has been pending for months, despite promises by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to pay within 40 days.

The association’s leadership expressed frustration over the government’s failure to fulfill its promise, stating that the unpaid debt has grounded several Northern depots.

IPMAN also protested against the 5% levy imposed by NMDPRA on its members, describing it as unconstitutional and anti-developmental.

The association has called on the Federal Government to intervene in the dispute and ensure the payment of the bridging debt.

If their demands are not met, IPMAN may take collective action with other organizations, potentially leading to a nationwide fuel scarcity.

The development has raised concerns over the potential impact on the country’s economy and the general public.

As the deadline draws near, Nigerians are bracing themselves for a possible fuel scarcity, which could exacerbate the country’s economic challenges.