Nigeria’s Independent Petroleum Marketers Association of Nigeria has said that the opening of the Dangote refinery would solve the country’s problems with fuel import and scarcity.
Nairametrics reported that the Chairman of IPMAN and Enugu Community Depot in charge of Anambra, Ebonyi, and Enugu State, Mr. Chinedu Anyaso, revealed this in Awka while he gave a speech on Monday.
The founder of the company, Aliko Dangote, declared that the first products would start to be distributed next month after the Dangote Refinery was officially commissioned yesterday.
IPMAN revealed that the Dangote refinery, which costs over $18 billion to build and has a 650,000-barrel output capacity, will first increase pump prices but eventually decrease them.
The IPMAN chairman commended President Muhammadu Buhari’s administration for enacting the Petroleum Industry Act, which encouraged private-sector investment in the oil and gas sector. He urged the Federal Government to restart its four refineries and optimize their output to support what Dangote would produce, ensuring complete sufficiency of the products.
IPMAN also warned against monopolies, claiming that if Nigerians were left at the mercy of a single supplier, their situation will worsen.
