Business
IPMAN reminds new NMDPRA boss of N190b bridging claims
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday reminded the newly appointed Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Chief Executive Officer, Said Aliyu Mohammed, of the N190billion the members are owed as bridging claims.
Speaking in a press conference in Abuja, the association’s national president, Alhaji Abubakar Maigandi, urged the new Authority boss to address the debt with urgent concern upon assumption of office.
His words, “While congratulating the new heads of the oil & gas regulatory bodies, IPMAN would like to remind them of the long outstanding bridging claims owed our members totalling over N190 billion.”
“We specifically call on the NMPDRA’s new leadership to immediately make this debt a cause for serious concern as he assumes his new position.”
Maigandi stated that IPMAN has reached an agreement with the Dangote Petroleum Refinery to supply Premium Motor Spirit (PMS) – also known as petroleum to its registered members.
He noted that there will be no gap or scarcity in petrol supply to Nigerians as its members control 80 per cent of the downstream sector.
He also said the price of the product would soon drop when Dangote Refinery resumes free delivery of the products to its stations.
“We are also excited about the recent agreement by the Dangote Refinery to begin the supply of PMS products directly to registered IPMAN members, and its free delivery to our filling stations anywhere and everywhere in Nigeria, which will commence in January 2026. This will certainly lead to a further decrease in the pump price of the products at our filling stations.”
He called on all IPMAN members nationwide to prioritise patronising the Dangote Refinery in their purchase of PMS products, as they already offer the best affordable prize for all marketers today.
“At IPMAN, we have no doubt as to the viability of the oil and gas policies being initiated by the federal government, and we have ceaselessly called and sought enhanced cooperation across all levels of governance in the oil and gas sector. Hence, our repeated persuasion to always partner with the Dangote refinery, to ensure the steady availability of PMS products.”
On the N190 billion debt, he said the association’s position has always been to deepen domestic refining to eradicate imports of petroleum products.
“Continuous import is not an acceptable parallel business model because issuing import licenses recklessly distorts market dynamics, drains foreign exchange, enthrone poverty, destroys jobs, and scares potential investors away.”
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