In a significant development for Nigeria’s oil industry, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has secured a groundbreaking agreement with Dangote Petroleum Refinery to lift products directly. This partnership is expected to ensure a steady and affordable supply of petroleum products across the country.
According to IPMAN President Abubakar Garima, the agreement will bolster partnerships between the association and Dangote Refinery, enabling a more reliable distribution of products at affordable prices. Garima urged IPMAN members to support this new collaboration, emphasizing its potential to contribute to Nigeria’s economic growth.
Key Benefits of the Agreement
- Improved Supply Chain Efficiency: Direct lifting of products from Dangote Refinery will reduce logistical costs and enhance the overall efficiency of the supply chain.
- Increased Job Opportunities: The agreement is expected to create more job opportunities in the petroleum sector, aligning with President Bola Tinubu’s renewed hope agenda.
- Enhanced Economic Growth: The partnership will contribute to Nigeria’s economic growth by ensuring a stable supply of petroleum products.
Products Covered Under the Agreement
The agreement includes the direct supply of:
- PMS (Premium Motor Spirit)
- AGO (Automotive Gas Oil)
- DPK (Dual Purpose Kerosene)
This landmark agreement marks a significant milestone in IPMAN’s efforts to ensure a reliable and affordable supply of petroleum products in Nigeria. With Dangote Refinery on board, the country can look forward to improved energy security and economic growth.