IPMAN’S 2 refineries ready in 18 months

The two refineries being established by the Independent
Petroleum Marketers Association of Nigeria (IPMAN) are
expected to be ready in 18 months to boost fuel supply and
reduce refined crude price when completed.
According to the National Secretary of the association, Alhaji
Danladi Pasali, who disclosed this in Lagos during the election
and inauguration of new executive of IPMAN Western Zone,
the new refineries are sited in Kogi and Rivers states.
Pasali attributed the late take off of the project to paper
works by the Federal Government and non-passage of the
Petroleum Industry Bill (PIB) by the National Assembly,
stressing that as soon as these hurdles were cleared, the
refineries would be ready.
The IPMAN scribe advised the Federal Government to sell its
four refineries to the association for effective management,
pointing out that the government had no business running
refineries, but has a mandate to create conducive atmosphere
and legal framework for the private sector in the oil business.
Pasali also stated that the crisis rocking the body at the
national level would soon be over, adding that the decision of
the court was being awaited to decide the way forward.
The new executive of IPMAN Western Zone included the
Chairman, Alhaji Debo Ahmed; Mr. Kunle Bamgboye, vice
chairman; Chief Mark Alabi Oba, secretary; Pastor Sanya
Aluko, treasurer; Pastor Toye Olayinka, financial secretary; Mr.
Dapo Coker, Mr. Fadomiye Oladele, PRO; Olanrewaju Olaniyan,
assistant secretary; Alhaja Afolashade Oladosu, organising
secretary and Mr. Babatunde Ogundoyin, Chief Whip.
In his acceptance speech, the new zonal chairman promised
to discharge his duties without fear or favour, with honesty of
purpose, accountability, diligence, fear of God and to uphold
the constitution of the association.
He pledged the readiness of the zonal office to liaise with
NNPC to ensure that products are available to the public in all
Western Zone oil depots at all times. Ahmed also promised
that members of IPMAN would be empowered by assessing
various beneficial funds in the capital market to enable them
compete favourably in the oil industry both locally and
internationally in a deregulated regime.