The Independent Petroleum Marketers Association of Nigeria (IPMAN) has finally secured an agreement with Dangote Refinery to lift products directly, News About Nigeria reports.
Recall that IPMAN had expressed frustration over the difficulty marketers faced in lifting products from Dangote Refinery.
IPMAN also lamented that its members couldn’t load petrol from Dangote Refinery in Lagos, despite having paid ₦40bn to the Nigerian National Petroleum Company Limited (NNPCL).
However, the new agreement concludes several months of negotiations between both parties and is expected to increase efficiency, affordability, and economic growth.
The development was made public by IPMAN’s National President, Abubakar Garima, at a press briefing on Monday in Abuja, following a meeting of the National Working Committee of the Association.
According to Garima, the agreement is aimed at ensuring a steady, affordable supply of PMS products nationwide.
He also noted that with the agreement, there will be no more middlemen, which will reduce costs and ensure a steady supply of petrol.
Garima, therefore, urged IPMAN members to support Dangote Refinery, citing the benefits of backward integration and its positive impact on Nigeria’s foreign exchange market.
He said, “After meeting with Aliko Dangote and his management team in Lagos, we are pleased to announce that Dangote Refinery has agreed to supply IPMAN with PMS, AGO, and DPK directly for distribution to our depots and retail outlets.
“IPMAN members should rely on Dangote Refinery and Nigerian refineries for white products, creating more job opportunities and supporting President Bola Tinubu’s renewed hope agenda.”
