By Bunmi Yekini
The Petroleum Retailers Outlet Owners Association of Nigeria (PETROAN) has directed its members to keep their fuel stations open despite mounting frustration over unpaid bridging claims totaling N100 billion. The association, following an emergency National Executive Meeting, opted for dialogue over industrial action to resolve the issue with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
In a statement released after the meeting, PETROAN’s National President, Dr. Billy Gillis-Harry, emphasized the organization’s commitment to resolving the matter through peaceful negotiations.
“A shutdown would only worsen fuel scarcity, disrupt the economy, and inflict hardship on Nigerians,” Dr. Gillis-Harry stated. “Our focus remains on constructive engagement to ensure that all parties reach a mutually beneficial resolution.”
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The association reaffirmed its support for ongoing sectoral reforms spearheaded by President Bola Tinubu’s administration, particularly in fostering transparency and accountability. PETROAN urged the government to expedite payment of the outstanding claims to relieve financial strain on fuel marketers and maintain the smooth operation of the downstream petroleum sector.
“We commend the government’s reform efforts but call on the responsible authorities to prioritize these payments. This will not only sustain our businesses but also enhance sector stability,” the statement read.
The association assured its members of continued dialogue with NMDPRA and other stakeholders to address their grievances. “We urge all our members to remain calm and law-abiding while negotiations are underway,” Dr. Gillis-Harry added.