The Independent Petroleum Marketers Association of Nigeria (IPMAN) have written to the Federal Government seeking for access to the N250 billion intervention fund for the National Gas Expansion Programme.
IPMAN, in a letter dated April 3, 2023, requested that the government should urge the Central Bank of Nigeria (CBN) to release the N250 billion as loans to vehicle owners.
The oil marketers said the N250 billion can be used by car, tricycle and truck owners to convert to gas due to the projected hike in Premium Motor Spirit (PMS) after the proposed subsidy removal.
