Fuel supply: Govt restores IPMAN’s right to petroleum products nationwide

20 July 2016, Abuja -The Federal Government has restored the Independent Petroleum Marketers Association of Nigeria’s, IPMAN, rights to petroleum products in all the depots across the country.

IPMAN TANKERS

IPMAN fuel tankers

IPMAN, in a statement in Abuja, yesterday, disclosed that this would boost fuel supply across the country, especially as the association accounts for a large percentage of fuel retail in the country.

Chairman, Board of Trustees of IPMAN, Alhaji Abdulkadir Aminu stated this after the association played host to members of the Nigerian Association of Transport Owners (NARTO) in Abuja.

According to Aminu, with this action of the Federal Government, we can take charge in all the petroleum products distribution in all the 21 depots in Nigeria, adding that in no time the crisis of petroleum products scarcity will no longer exist.

He said: “We paid a courtesy call on the Minister of State for Petroleum Resources, being a man who initiated this peace to ensure that IPMAN becomes one.

He assured us that now that we have heeded to his advice, he is going to, and he hereby restores all our rights to all the depots in the federation.

“I am sure that by the minister’s intervention in restoring all our rights across all the depots across the federation, I think Nigerians will have better access to products because we control 80 per cent.”

He also stated that the National Executive of IPMAN is partnering with some multi-nationals to assist the Federal Government to make products available in the country, adding that it hopes to create value in the industry by ensuring they partner with foreign investors to build at least one refinery during the present administration.

Also speaking, factional National President of IPMAN, Chief Lawson Obasi stated that the association has planned to commence importation of petroleum products to boost the activities of the downstream sector.

He stated that owing to the liberalization of the sale of products, the association has planned to import its own products for onward distribution to its members.

He said “as at today because of the liberalization exercise in the petroleum industry, we are working towards importing our own products. In short, we are on course to importing our products into the country so that we can distribute to our members.”

Obasi also noted that IPMAN has already signed some agreements with some of its foreign partners for product importation, while it plans to establish a modular refinery in Nigeria to ensure that there is adequate supply of petroleum products customers.

He said that the Nigerian National Petroleum Corporation (NNPC) and its subsidiary, the Pipeline Product Marketing Company (PPMC) have given members of IPMAN easy access to petroleum products.

He said, “We don’t have any difficulty accessing petroleum products at the moment because NNPC, PPMC, and the Federal Government are doing their best. So loading it is not a problem. Once products are at the depots getting it is not a problem.”

 

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