The Independent Petroleum Marketers Association of Nigeria (IPMAN) has sealed an agreement with Dangote Refinery for direct lifting of petroleum Products.
Abubakar Garima, IPMAN National President, disclosed this in Abuja on Monday after a meeting of the National Working Committee of the Association.
According to Garima, the partnership will ensure steady, and affordable supply of PMS products nationwide.
He said after a 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.”
The IPMAN national President, urged their members to support Dangote Refinery, citing backward integration benefits and positive impacts on Nigeria’s Foreign Exchange market.
On the issue of pricing, Garima expressed optimism that negotiations with Dangote would yield lower rates.
He also spoke on Compressed Natural Gas (CNG), noting that their members are preparing for a seamless transition to CNG refill stations nationwide as it is currently negotiating with the presidential CNG initiative
Furthermore, he said that it is expected that the partnership will increase efficiency, affordability, and economic growth for Nigeria’s petroleum industry.
On their part, Dangote Refinery, pledged to commence supply of products to over 30,000 IPMAN members and 150,000 retail outlets nationwide.