The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday assured Nigerians that there will be uninterrupted fuel supply throughout the festive season.
IPMAN, pledged that there will be no fuel queues nationwide but warned that the continued importation of petroleum products poses a serious threat to Nigeria’s economy.
The association also emphasised that domestic refining remains the only sustainable solution to energy security, job creation and foreign exchange stability.
IPMAN’s national president, Abubakar Shettima, who gave the assuranc in Abuja while reacting to recent developments in the oil and gas sector, including the leadership of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), among others, hailed President Bola Tinubu for the regulatory reset.
He described it as apt and critical to restoring confidence and clarity in the petroleum industry, adding that the move has strengthened regulation at a period of heightened uncertainty following the resignation of the heads of the NMDPRA and NUPRC amid the dispute between the Dangote refinery and regulators over fuel importation, pricing and oversight.
Shettima warned that fuel importation should not exist alongside domestic refining, stressing that continued imports distort market dynamics and undermine economic stability.
He opined that deepening local refining remains the only sustainable path to energy security, job creation and foreign exchange stability.
He assured Nigerians of sufficient petroleum products during the festive period, calling on the new leadership of the NMDPRA to urgently address bridging claims owed to marketers, which he put at over N190 billion.
Shettima also warned that failure to settle the debt promptly could affect smooth fuel supply in the near future, emphasising that clarity and consistency in regulation are crucial to sustaining investor confidence and preventing policy reversals.
Yuletide: IPMAN Assures Nigerians of Uninterrupted Fuel Supply
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