A Review of the Nigerian Energy Industry

IPMAN flags off kero-direct at N50 per litre

Awka-residents-queue for kerosene18 February 2014, Lagos – In ensuring effective distribution of Kerosene product to every nook and crannies of the country, the Western Zone of the Independent Petroleum Marketers Association of Nigeria, IPMAN, has commenced sale of kerosene at N50 per liter in all states of the South West under the IPMAN kero-direct scheme.

The scheme was kick started in Lagos by the National President of the association, Alhaji Aminu Abdulkadri, with about 30 filling stations.

According to Abdulkadri, “We are here to ensure that kerosene is sold at N50 per litre as instructed by Minister of Petroleum Resources, Dr. Diezani Alison-Madueke, and it is being implemented by the Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC) through IPMAN . That’s why we are here to ensure that consumers are aware of the price.

The president said that all products given to IPMAN by the NNPC to be sold at N50 per liter in Lagos and its environs is at least 5000 metric tones (MT).

He said that the gesture is being spread all over the country. “When I leave here, I will travel to Kano, Sokoto, Gombe, Maiduguri, Bauchi and other axis. This is not meant for Lagos alone, but it is a national product and therefore, it should be given to all.

On issue of subsidy removal, he said, “you see ,this is a subject that can be discussed between the policy makers and the legislatures. But we as marketers,any product that is given to us with subsidy will be sold with subsidy for the masses.”For product given to us without subsidy, consumers will access it without subsidy. That is the bottom line. This is an issue that belongs to Federal Government and the National Assembly.

“For us as captains of the industries, if product is given to us with subsidy under my leadership, I will continue to move from station to station to ensure that we sell at N50 per litre,” Abdulkadri said.

He, however, warned marketers to ensure that kerosene is sold at the approved regulated price, adding that the leadership of IPMAN will not hesitate to sanction erring marketers.

“So, what Nigerians should be looking up is to ensure that product being imported should be accessed by the masses. Nigerians need to enjoy the dividends of democracy and not just the politicians,” he stressed.



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