Osamagbe Imadiyi
Dangote Petroleum Refinery and the Independent Petroleum Marketers Association of Nigeria have reached an agreement for direct product lifting. The association claims that this will guarantee Nigerians have access to petroleum at a lower cost.
Abubakar Garima, the National President of IPMAN, made this announcement at a press conference in Abuja on Monday after the association’s National Working Committee meeting.He clarified that in order to transport PMS, AGO, and DPK directly to IPMAN depots and retail locations, the Dangote refinery had required IPMAN to do so. A consistent and uninterrupted supply of PMS products at a reasonable price would be guaranteed throughout Nigeria thanks to this new agreement with the Dangote refinery.
He stated: “We are pleased to announce that, as a result of our recent meeting with Alhaji Aliko Dangote and his top management team in Lagos, IPMAN has been required by Dangote Refinery to lift PMS, AGO, and DPK directly for subsequent supply to IPMAN depots and retail outlets. That this new arrangement with the Dangote refinery will ensure a steady and ceaseless supply of PMS products all over Nigeria, at an affordable rate for Nigerians also.”
IPMAN countered that its members had been unable to load gasoline from the Dangote refinery for day after day. Garima continued the briefing by urging IPMAN members to back Dangote Refinery, pointing to the advantages of backward integration and the favorable effects on Nigeria’s foreign exchange market. In terms of pricing, Garima said he was confident that talks with Dangote would result in reduced prices.