Dangote and IPMAN Agree to Direct Product Lifting.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has reached an agreement with Dangote Refinery to directly procure its products. Abubakar Garima, the National President of IPMAN, made this announcement on Monday following a meeting of the Association's National Working Committee. He indicated that this collaboration will ensure a consistent and affordable supply of Premium Motor Spirit (PMS) products across the country. The IPMAN President expressed, “We are delighted to inform that Dangote Refinery has consented to supply IPMAN with PMS, Automotive Gas Oil (AGO), and Dual Purpose Kerosene (DPK) directly for distribution to our depots and retail locations.” He encouraged IPMAN members to support Dangote Refinery, highlighting the advantages of backward integration and its positive effects on Nigeria’s foreign exchange market. Furthermore, he assured that ongoing negotiations with Dangote would result in more competitive pricing. Regarding Compressed Natural Gas (CNG), the IPMAN President stated that the Association is preparing for a smooth transition to CNG refill stations nationwide, as it is currently in discussions with the presidential CNG initiative. This collaboration is anticipated to enhance efficiency, affordability, and economic development within Nigeria’s petroleum sector. In response, Dangote Refinery has committed to supplying products to over 30,000 IPMAN members and 150,000 retail outlets across the nation. This partnership aims to eliminate intermediaries, lower costs, and ensure a reliable supply.