The move has put an end to IPMAN’s previous plans to engage in the importation of petroleum products.
It is expected that this will strengthen national supply chain for refined products and ensure a more stable and affordable fuel market across Nigeria.
With the development, IPMAN members will directly receive petrol, gas, diesel and Kerosene directly from Dangote refinery for nationwide distribution.
“The Dangote Refinery has obliged IPMAN to lift PMS, AGO, and DPK directly for onward supply to IPMAN depots and retail outlets,” Maigandi explained. “This arrangement will ensure steady and seamless supply of petroleum products all over Nigeria at an affordable rate for all Nigerians.”
He also lauded Aliko Dangote, the President of the Dangote Group, for fostering a collaborative relationship between the refinery and IPMAN, emphasising the long-term benefits of supporting local refineries.
Maigandi, therefore, called on all IPMAN members to support this initiative.
He stressed the importance of local refining in creating jobs, boosting the economy, and ensuring national self-sufficiency in petroleum products.
“All IPMAN members should fully support the Dangote Refinery, as it is the ideal thing to do considering the monumental benefits of backwards integration as a medium for the long-term impact it will have on the foreign exchange market in Nigeria.”
“IPMAN members should rely on Dangote Refinery and other Nigerian refineries for products, as this will translate to more job opportunities in Nigeria,” Maigandi added.
The development has brought an end to the controversy between the oil marketers and the refinery. It is however not clear if it will lead to crash in the price of petrol which has recorded astronomical jumps in the last one year, leading to unprecedented inflation in the country.
