The Independent Petroleum Marketers Association of Nigeria (IPMAN) has finally reached a significant agreement with Dangote Refinery to lift petroleum products directly from the refinery.
This development is expected to eliminate middlemen, reduce costs, and ensure a steady supply.
This partnership aims to ensure a steady and affordable supply of Premium Motor Spirit (PMS) products across the nation.
IPMAN’s National President, Abubakar Garima, made the announcement during a press briefing in Abuja on Monday, following a meeting of the association’s National Working Committee.
“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.”
Garima urged IPMAN members to support Dangote Refinery, citing the benefits of backward integration and its positive impact on Nigeria’s foreign exchange market
“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.”
The latest development concludes several months of negotiations between both parties and is expected to increase efficiency, affordability, and economic growth.
The Dangote Refinery, the largest in Africa and Europe, has already commenced the production of petrol, diesel, and aviation fuel, with plans to supply products to over 30,000 IPMAN members and 150,000 retail outlets nationwide.
