In a crucial development within Nigeria’s oil and gas sector, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has made a bold appeal regarding crude oil allocations from the Dangote Refinery. Taking to its official X (formerly Twitter) handle, IPMAN addressed concerns about the Nigerian National Petroleum Company Limited’s (NNPCL) preferential access to the refinery’s crude supply.
The National Publicity Secretary of IPMAN announced, “The NNPCL has made significant investments in the Dangote Refinery, and they’ve been given the first right of refusal. We’re not opposing this; however, if we are to compete in this market, the same opportunity should be extended to us. We will determine our price and offer consumers a more affordable alternative.”
This statement comes at a critical time as Nigeria’s oil refining sector undergoes transformation. The Dangote Refinery, which is poised to be the largest single-train refinery in the world, has become a strategic player in Nigeria’s drive for energy self-sufficiency. With NNPCL holding a major stake, the company enjoys the priority in purchasing refined products, a position that has raised concerns among other industry stakeholders, particularly independent marketers.
IPMAN’s call for fair competition reflects the wider demand for a level playing field. By allowing independent marketers access to crude supplies at competitive rates, they argue, the broader market will benefit through increased competition, lower prices, and a more diversified supply chain.
“We understand the strategic importance of the Dangote Refinery to Nigeria’s energy future,” the IPMAN spokesperson added. “But for the downstream sector to thrive, independent marketers must have equal access. This will not only ensure fair competition but will also drive down costs, ultimately benefiting Nigerian consumers.”
The issue of crude supply allocations is expected to spark further discussions within the energy sector, as industry players seek to balance national interests with corporate investment. While NNPCL’s dominant position in the refinery is undisputed, IPMAN’s call for inclusion signals a push for a more inclusive approach in Nigeria’s evolving energy landscape.
As the Dangote Refinery gears up for full operations, industry observers will be closely monitoring how these dynamics unfold and whether IPMAN’s plea for equitable access will be addressed by the government and relevant stakeholders. For now, the spotlight remains on how Nigeria’s refining capabilities will impact fuel prices, market competition, and the broader economy.
Credit: PioneerNewstoday