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IPMAN to Meet Dangote Refinery Over Petrol Pricing and Supply
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced plans to meet with Dangote Refinery to discuss petrol pricing and supply.
This move follows a statement from Devakumar Edwin, Vice President of Dangote Industries Limited, who claimed that local marketers are avoiding Dangote Refinery’s petrol despite its lower prices.
In response, IPMAN’s representative, Maigandi, emphasized that there is no reason for marketers to boycott Dangote Refinery’s petrol if it is being offered at a lower cost.
Maigandi noted that IPMAN received a partnership letter from Dangote Refinery on Wednesday and reviewed it on Thursday.
He clarified that petrol marketers are willing to buy from Dangote Refinery as long as the price is competitive with current rates.
Maigandi said, “In the letter, Dangote Refinery mentioned that its petrol is ready, but the price was not disclosed.
We cannot boycott Dangote Refinery if their petrol is cheaper.
We are prepared to purchase petrol from them under the condition that it is priced no higher than what we are currently paying elsewhere.
We have no issues with Dangote Refinery.”
He also pointed out that the Nigerian National Petroleum Company Limited (NNPCL) sells petrol directly to marketers at an average price of N870 per liter, while the depot price is N990 per liter.
This context underlines the importance of competitive pricing in the ongoing discussions between IPMAN and Dangote Refinery.
The Minister of Budget and Economic Planning for Nigeria, Senator Abubakar Bagudu, shared that the budget Nigeria currently has is too small for the population the country contains.
Speaking on the budget, he said “I would like to say that out of the top 10 most populous countries in the world, we have the smallest national budget.
“Should we continue with a budget that leaves our populace with one of the smallest budgets, or should we consider how we can mobilise more resources?”
Former US President and first Black president, Barack Obama, speaks on leadership and gender. He spoke about how it would be nice for women to be in charge every now and then, as it would strike a balance and advance the government.
“Even when I was President, I sometimes fantasized about if you put women in charge of every government for like two years, and then just kind of saw, ‘All right, how are things going?’”
“I have a strong belief that things wouldn’t be perfect, but they’d be better. I’m confident about that. I really do,” he added.
Minister of Information and National Orientation, Mohammed Idris, speaks on the state of the country and President Tinubu’s reign.
He analyses it and shares how Tinubu has made tough decisions. “About three years ago, President Bola Tinubu assumed office amid some very significant and structural challenges, and physical challenges.”
“His administration chose to confront the long-standing distortions rather than postpone them, and those decisions were indeed very difficult and were not politically convenient. And because of those decisions, Nigerians have borne some real costs.”
“Today, however, Nigeria is moving from the difficult work of reforms and stabilisation towards a new phase of growth and shared prosperity.”
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