The Independent Petroleum Marketers Association of Nigeria (IPMAN) has reached an agreement with Dangote Refinery for the direct supply of petroleum products.
Abubakar Garima, IPMAN’s National President, made the announcement during a press briefing in Abuja on Monday, following a meeting of the Association’s National Working Committee.
Garima explained that the partnership would guarantee a consistent and affordable supply of Premium Motor Spirit (PMS) across the country.
“Following discussions with Aliko Dangote and his management team in Lagos, we are pleased to confirm that Dangote Refinery will directly supply IPMAN with PMS, Automotive Gas Oil (AGO), and Dual Purpose Kerosene (DPK) for distribution to our depots and retail outlets,” Garima stated.
He urged IPMAN members to support Dangote Refinery, emphasizing the advantages of backward integration and its positive effects on Nigeria’s foreign exchange. “By relying on Dangote Refinery and other local refineries for our products, IPMAN members will contribute to job creation and support President Bola Tinubu’s economic renewal agenda,” he added.
This agreement follows several months of negotiations and is expected to enhance efficiency, reduce costs, and boost economic growth.
The Dangote Refinery, which is the largest in both Africa and Europe, has already begun producing petrol, diesel, and aviation fuel. It plans to supply products to over 30,000 IPMAN members and 150,000 retail outlets nationwide.
The direct supply arrangement is expected to eliminate intermediaries, lower costs, and ensure a reliable flow of products.
