IPMAN Backs Buhari On Deregulation Plans | Independent Newspapers Limited
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IPMAN Backs Buhari On Deregulation Plans

Posted: Jun 15, 2015 at 7:17 pm   /   by   /   comments (0)

By Innocent Oweh, Abuja


The Independent Petroleum Marketers Association of Nigeria (IPMAN) has blamed the challenges associated with effective fuel distribution on its leadership crisis, just as it recommended that President Muhammadu Buhari should take the bull by the horns and deregulate the petroleum industry completely.

Factional president of IPMAN, Lawson Obasi, who gave the advise in Abuja on Monday, said prospects for deregulation were enormous for the country.

“The leadership crisis within IPMAN is partly responsible for the fuel crisis being experienced in the country and we take full responsibility for that.

“IPMAN strongly believes in deregulation of the downstream sector of the petroleum industry by President Muhammadu Buhari, but it must be done gradually so that the masses will not feel the impact.

“It will definitely enhance the sector and make meaning of our multi-million dollar projects scattered all over the country,” senior aide to the IPMAN president, Ukadike Chinedu, told Daily Independent in an interview.

The association also noted that Buhari should take a holistic review at the country’s refineries, challenges posed by vandalism as well as the contributions of IPMAN, in arriving at his decision to deregulate the sector.

“What we are witnessing in this country is (a case) where major marketers are still dictating the distribution of petroleum products in the country, thereby defeating the essence of creating IPMAN, which is the indigenisation policy of allowing Nigerians participate in distribution of petroleum products.

“If you look at it, there is nowhere you go to in this country that you don’t find a fuel station owned by an independent marketer. So the best channel of having adequate distribution is through these independent marketers.

“The President has what it takes to curb the issue of pipeline vandalism, which is one of the problems of product distribution in the country. Arresting the issue of vandalism will reduce truck accidents and aid effective distribution of fuel products,” he said.