The Petroleum Retailers Outlet Owners Association of Nigeria (PETROAN) has urged members not to shut down operations as it continues talks with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over N100 billion bridging claim.
National Public Relations Officer of PETROAN, Joseph Obele, made the call after an emergency national executive meeting in Abuja.
He said that PETROAN would continue to dialogue with NMDPRA over the outstanding payment of the bridging claims, rather than shut down operations.
“While acknowledging the frustration and concerns of members regarding the unpaid bridging claims totalling N100 billion, PETROAN firmly believes that a shutdown will have devastating consequences.
“These consequences include fuel scarcity, economic disruption and hardship for the Nigerian people,” Obele stated.
He reaffirmed PETROAN’s commitment to dialogue rather than industrial action.
“The association urges all parties to engage in constructive engagement and good-faith negotiations to resolve the issue,” he said.
According to Obele, a lot will be achieved through dialogue, especially when parties identify mutually beneficial solutions, build trust and strengthen relationships.
“A lot will also be achieved if we avoid costly and damaging shutdowns and ensure the continued stability and growth of the downstream petroleum sector.
“PETROAN also commends President Bola Tinubu’s efforts to reform the petroleum sector, promoting transparency, accountability and economic growth.
“The association encourages all stakeholders to support and encourage these reforms, rather than sabotaging them” he said.
Obele further urged the authorities responsible to facilitate the prompt payment of outstanding bridging claims as this would help to alleviate the financial burden on members and ensure the continued smooth operation of the downstream petroleum sector.
He commended the National President, Dr Billy Gillis-Harry, for promoting the stability and growth of the downstream petroleum sector through dialogue, cooperation and innovative solutions.
