The Dangote Refinery has pledged to supply the Independent Petroleum Marketers Association of Nigeria with 60 million liters of petrol each week, equating to a total of 240 million liters each month.
Chinedu Ukadike, the Publicity Secretary, stated that association members have the ability to acquire any amount of PMS that the Dangote refinery allocates to them. He emphasized that independent marketers are primarily responsible for distributing most of the fuel imported into the nation.
“We are going to off-take the product in millions of litres. Before now, most of the imported products in Nigeria were distributed through IPMAN. So we can off-take the products, no matter the millions of litres that are produced.
“We can take from 10 million litres and above and Dangote has offered to give us over 60 million litres depending on our patronage.
“The 60 million litres is to be given weekly. And we can take and distribute it across the country once we start lifting the product from the refinery.
“We are finalising discussions. You know the meeting between IPMAN and the Dangote refinery was held last week and documentation is in process. So, there are still a few pieces of documentation that we are doing now. Once they are sorted, we will off-take PMS from the plant.
“This is going to happen before the end of this month. The Dangote Group has assured us that even if we want to start taking products from today, we should start.
“IPMAN has gathered its members and we have developed a Special Purpose Vehicle to off-take the products from the refinery. So, the issue of individuals going to buy one or two trucks has gone. IPMAN is now going to be a major distributor and our money will be guaranteed.
“The time has gone when some dealers will tell us they have products when they actually do not, and they will lock up our money in their system. So, we are taking this as a very effective measure to be able to ensure that the distribution value chain is efficient.”
