Make Refineries Fully Functional Before Selling Them, IPMAN Urges FG

warri-refinery.jpgThe Independent Petroleum Marketers Association of Nigeria (IPMAN) on Sunday urged the Federal Government to repair the nation’s oil refineries before their planned sale.

The Chairman of the association in Sokoto state, Alhaji Sule Magaji, made the call in an interview with the News Agency of Nigeria, in Sokoto.

“We in IPMAN are against the plan to sell the refineries but if the federal government will not rescind the decision, the refineries should be made fully functional before being sold.

“The government should also take concrete measures to further secure all oil pipelines across the country,” Magaji said.

According to him, repairing the refineries, securing the pipelines and putting other necessary measures in place will motivate the potential buyers and other investors to be part of the planned sale.

He said that it would be difficult or impossible for individuals to adequately protect oil pipelines, noting that “even ongoing efforts by the federal government in that regard seem ineffective”.

Expressing fear that the sale of the refineries might lead to total removal of existing subsidy on some petroleum products, Magaji appealed that subsidy should remain even after the sale of the refineries.

He stated that retaining the subsidy regime would alleviate the suffering of Nigerians adding that subsidies existed in other countries that were less endowed with oil resources as Nigeria.

He admitted that Nigerians were currently enjoying steady supply of petroleum products across the country noting that the federal government deserved commendation for that.

He, however, appealed to the government to sustain the tempo “for the common good of all Nigerians”. (NAN)


Please enter your comment!
Please enter your name here