Deregulation: IPMAN, NIMEX Petroleum partner to import 100,000 metric tonnes of petrol

Deregulation: IPMAN, NIMEX Petroleum partner to import 100,000 metric tonnes of petrol
United Bank for Africa

The Independent Petroleum Marketers Association of Nigeria (IPMAN)  under the leadership of its National  President, Chief Obasi Lawson has enter into strategic partnership with NIMEX Petroleum Group to import 100,000 metric tons for to complement the laudable efforts of the Federal Government in driving the deregulation policy.

This is contained in a statement issued and signed by its National President, Mr Obasi Lawson in Abuja after the signing of Memorandum of Understand (MoU) with NIEX Petroleum Group and made available to newsmen.

Obasi said that the product which will be imported by NIMEX Petroleum Group will be distributed to its teeming members across the country to argument supply received from NNPC and other sources.

“IPMAN and Nimex Petroleum Group has partner together to import over 100,000 metric tons of petroleum product into the country to quash market forces and compliments government effort.

The IPMAN president said that product would go a long way to make petrol available in the country, adding that the quantum of petrol received from NNPC could was not sufficient for its members.

He however, commend the Federal Ministry of Petroleum Resources under minister, Dr Ibe Kachikwu, and Dr Maikanti Baru, the Group Managing Director of  Nigerian National Petroleum Corporation (NNPC) for their wonderful job they are doing in ensuring that products are available for the consuming public in spite of the grave challenges they face.

He said that IPMAN is not unmindful of the positive effect to its complementary effort to bring in petroleum products to service the dire needs of our members.

Lawson said that this strategic relationship established with NIMEX Petroleum Group will also support to improve the supply chain of petroleum product in the country in driving the deregulation policy.

According to him, IPMAN which is an umbrella association of independent marketers of petroleum products in Nigeria has today grown to occupy a pride of place in the downstream sector of the Nigerian Oil and Gas Industry.

“ With membership of well over 10,000 marketers across the length and breadth of Nigeria, IPMAN has  over the years grown to control well over 87 per cent of the petroleum products retail outlets in Nigeria with a reach that auspiciously spreads to every nook and cranny of the country.

“This commendable spread by IPMAN members in the establishment of retail outlets across the country necessarily requires a steady supply of petroleum products in order for its positive effect to be felt both by government and Nigerians.

“The NIMEX Petroleum Group was founded by Azmat Mahmoud, an astute German Businessman, a global name in the provision of solid services in the petroleum sector.

“ NIMEX Petroleum Group with a global footprint in more than 15 countries in Africa has garnered three decades experience in the provision of solid services in petroleum-related trading and in fostering relationships globally recognized and aimed at delivering consistent value for its patrons.

Lawson said  that “It is in recognition of this global reach by NIMEX, that IPMAN has decided to partner with it in order for it to bring its huge experience to support IPMAN in capacity building in the strategic area of satisfying the growing needs of its members for availability of petroleum products.

In his comment, Mr Kanwar Ratra, the President of NIMEX Petroleum Group has assured of its preparedness to satisfy the yearning of IPMAN and its members for products.

Ratra said that the partnership with IPMAN as a very strong petroleum marketers association would yield fruitful result, adding that the importation will be continuous to support IPMAN members and to quash the market force.

He lauded the leadership of IPMAN for their initiative to ensure petroleum product is available at every nocks and crannies of the country, adding that partnership would ease scarcity and quashed market price seeing the enviable pedigree of IPMAN in the global petroleum trade.

“To this end, we assure all IPMAN members, the Federal Government and the public at large that IPMAN’s strategic relationship with NIMEX will ensure the availability of Premium Motor Spirit (PMS), Automated Gas Oil (AGO) and Dual Purpose Kerosene (DPK) in large commercial quantities to complement the efforts of the Federal Government to quench the burning thirst of our members and the public at large for these products. “It will be a win-win situation for IPMAN, its teeming members, the generality of Nigerians and NIMEX.


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“We wish to seize this opportunity to once more extend our profound gratitude and thanks to our avuncular President Muhammadu Buhari, the Minister of Petroleum Resources, Dr. Ibe Kachikwu, the management of NNPC and PPMC and all those who made it possible for the peace that IPMAN is enjoying today.

It is this peace  they are enjoying now that has provided the enabling environment for this strategic partnership with NIMEX  in order to bring much-needed succor to our members and the generality of Nigerians.