A Review of the Nigerian Energy Industry

Fuel scarcity: Oil marketers to establish refinery, oil tank field

*Fuel dispenser nozzle.

Oscarline Onwuemenyi

13 December 2017, Sweetcrude, Abuja – The Independent Petroleum Marketers Association of Nigeria (IPMAN) has disclosed plans to establish its own refinery and oil tank field in the country to halt frequent scarcity of petroleum products in the country.

National President of IPMAN, Alhaji Abdullahi Sanusi Fari, made this known in an interview to the media while reacting to the current severe fuel crisis in several parts of the country, including the Federal Capital Territory (FCT) and Lagos.

Fari explained that when the proposed oil tank field and refinery project is executed, it will have tremendous economic effects like ensuring regular availability and stabilising the prices of petroleum products throughout the federation.

The IPMAN boss also disclosed that the project would create several employment opportunities for jobless Nigerians, apart from making the products available and affordable to all, adding that IPMAN would boast of adequate storage facilities for imported products, pending the completion of its refinery.

The IPMAN boss said a former president of the association, Alhaji Iron Baba, initially took the first steps towards the establishment of the refinery but did not actualise the project before his tenure expired.

Fari, however, maintained that his administration placed top priority on the venture due to the salutary effects it would have on the nation’s economy and well-being of the masses.

On the leadership dispute within the top echelon of the association, Fari explained that he emerged as the authentic national president through due process under the IPMAN’s 1997 constitution (as amended) which prescribed three-year-tenure of office for its president.

He expatiated that the past leadership of the association, headed by Mr. Lawson Obazi, assumed office on March 23, 2014, and its tenure expired on March 2017, before he (Fari) was duly inaugurated as the incumbent president.

He emphasised that there was no factions in IPMAN except the activities of some he described as disgruntled elements who he alleged were fanning embers of discord. He, however, cautioned the troublemakers to retrace their steps, since IPMAN had no room for lawlessness and impunity.

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