In a significant move for Nigeria’s energy sector, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has formalised a deal with Dangote Refinery to streamline the supply of petroleum products directly to independent marketers. IPMAN President, Abubakar Maigandi, confirmed this development, promising a direct supply model that will lower prices at the pump and alleviate nationwide fuel scarcity concerns.
The direct partnership with Dangote is anticipated to eliminate third-party intermediaries, allowing IPMAN members to procure fuel at reduced costs, which will ultimately benefit Nigerian consumers. The agreement follows recent discussions between IPMAN’s National Working Committee and Dangote representatives, addressing previous challenges in securing favourable fuel prices and ensuring a steady supply.
Alongside this transition, IPMAN is preparing for a shift towards Compressed Natural Gas (CNG) as a nationwide fuel alternative. With its commercial arm, Nipco PLC, leading the CNG initiative, IPMAN plans to extend CNG refuelling options, aligning with Nigeria’s goals for affordable, cleaner energy.
Yakubu Suleiman, IPMAN’s National Assistant Secretary, refuted allegations of cartelisation within the association, stressing that IPMAN is focused solely on fair market operations and serving Nigerians. He highlighted the benefits of direct purchasing from Dangote, bypassing middlemen to achieve cost-effective solutions in an era where international fuel prices impact local supply and affordability.
As final pricing discussions conclude, IPMAN assures Nigerians of a transparent process with price adjustments expected to trickle down to retail outlets soon. This development marks a pivotal moment for Nigeria’s energy sector, with IPMAN pledging that the new deal will yield consistent, affordable access to fuel across the country.
Suleiman encouraged the public to remain optimistic, expressing confidence that IPMAN’s alignment with Dangote will deliver lasting positive impacts on Nigeria’s fuel landscape.
