• About
  • Advertise
  • Our Privacy Policy
  • Contact
Friday, September 11, 2026
No Result
View All Result
  • Login
  • Register
MetrowatchXtra
  • WORLD
  • BUSINESS
  • POLITICS
  • HEALTH
  • SPORTS
  • OP-ED
  • ENTERTAINMENT
  • WORLD
  • BUSINESS
  • POLITICS
  • HEALTH
  • SPORTS
  • OP-ED
  • ENTERTAINMENT
No Result
View All Result
MetrowatchXtra
No Result
View All Result
Home BUSINESS

Dangote Refinery: We Can’t Allow Someone to Monopolize All the System, Says IPMAN

Seyi Babalola by Seyi Babalola
November 1, 2024
0 0
0
petrol

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said the association cannot simply fold its hands and allow someone to monopolize the system.

IPMAN also urged Dangote Refinery to change its model of engagement.

Yakubu Suleiman, National Assistant Secretary of IPMAN, stated this on Friday while fielding questions on Arise Television’s Morning Show programme.

Suleiman stated that Dangote seemed not to have engaged with real stakeholders, including marketers and regulators.

He claimed that, instead, Dangote is using the political class and the public to sway opinion and gain sympathy, arguing that the development is surprising.

“Like every Nigerian, IPMAN is happy for Dangote and for the refinery, which is very strategic for the country.

“But IPMAN, as a stakeholder in the industry, is very happy to work with Dangote and buy product from him. But the conditions must be right. For example, the issue of price.

“Dangote should change his model of engagement. He does not seem to engage real stakeholders, such as marketers and regulators. Instead, he is using the political class and public opinion to gain sympathy, which, as a businessman, is surprising.

READ ALSO  Oyo: Makinde Appoints Omolewa to Replace Auxiliary as Parks Mgt C'ttee Chair | METROWATCH

“As IPMAN, Dangote is supposed to have invited us for engagement. Not only IPMAN, but all stakeholders in the oil industry, like IPMAN, MOMAN, and DAPPMAN. But unfortunately, up to this moment, there has been no engagement. It is only IPMAN that is even trying to engage him.

“We went to Dangote about three to four times, seeking a meeting on how to have synergy between IPMAN and Dangote, all to no avail. Most times, he would tell us he would look for us.

“The first time, he even insisted he was going to engage only individual marketers, which is not in consonance with our principle of engagement with IPMAN as a body. We have tried to bring these issues to his attention, but unfortunately, he has not understood that.

READ ALSO  Oyebanji Sworn in as Ekiti Governor, as Fayemi Bows Out

“So it’s surprising that, in his own press conference, we heard him saying he’s calling for members to come out and load products. That is not what we do as IPMAN.

“We try to regulate and advise our members on which depots they are supposed to go to and load products. We don’t know the pricing. And remember, we are in a deregulated economy. We cannot just allow somebody to come and monopolize the entire system. That’s not how it’s supposed to be.”

 

Dailypost

Tags: Dangote RefineryIPMAN
Seyi Babalola

Seyi Babalola

Experienced Communications Expert and Journalist with an excellent track record of overseeing every aspect of news publishing from research, news collection/sourcing, editing and distribution. Adept at planning and implementing strategic initiatives across PR, broadcast and digital marketing to attract the target audience. Versatile and proactive individual with interest in public relations, media management, and Fact Checks.

RELATED POST

Mixed Feelings as Dangote Refinery Begins Fuel Distribution Nationwide
BUSINESS

Dangote Refinery Swings to N2.55trn Profit in 6 Months

by Kemi Sheriepha
September 9, 2026
0

The Dangote Petroleum Refinery and Petrochemicals posted a profit after tax of about N2.55 trillion ($1.82 billion) in the first...

Read moreDetails
Mixed Feelings as Dangote Refinery Begins Fuel Distribution Nationwide

Dangote Refinery Raises Fuel Price by N65 per Litre Amid Fuel Import Surge

August 29, 2026
Mixed Feelings as Dangote Refinery Begins Fuel Distribution Nationwide

Dangote Refinery IPO: What Investors will Gain as Offer Draws Nears

August 26, 2026
Nigerians Can’t Get Cheaper Fuel Amid Crude Price Drop, Refiners Give Reason 

Nigerian Filling Stations Reduce Fuel Price by N90/L in 3 Weeks

August 20, 2026
Nigerians Can’t Get Cheaper Fuel Amid Crude Price Drop, Refiners Give Reason 

More Nigerian Filling Stations to Reduce Fuel Pump Prices, Says Marketers

August 5, 2026
Dangote: MRS Filling Stations Shut for 7 Days Amid Fuel Price Hike

Dangote: MRS Filling Stations Shut for 7 Days Amid Fuel Price Hike

July 24, 2026
Load More

APO

Recent Posts

  • Stock Market Loses N1.67trn Amid Profit Taking
  • Nigerian Govt Scraps Data Charges for Students
  • INEC Uploads NDC’s New Logo, Updates Party Leadership
  • 2027: I Don’t Need Hundred Years, Says Peter Obi
  • NNPC to Deploy 70 Smart Stations Nationwide

Recommended

OPINION ARTICLE: How Insecurity is Bleeding Nigeria about $15bn Annually and Destroying Its Economic Future

Eid-el-Maulud: Tinubu Seeks Prayers for Nigeria, Congratulates Muslims

2 weeks ago
EFCC

We Don’t Charge Any Fee before Releasing Detained Suspects on Bail – EFCC | METROWATCH

3 years ago
MetrowatchXtra

MetrowatchXtra is an online daily newspaper poised to act as a catalyst in our debate and desire for well-governed Nigeria and provide the much-needed platform for all, irrespective of social, religious or political divide, to express their views.
Metrowatchxtra Nigeria

  • About
  • Advertise
  • Our Privacy Policy
  • Contact

© 2026 Metrowatchxtra Nigeria Published by Miraculous Media Connect Limited. All rights reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Politics
  • World
  • Business
  • Science
  • Entertainment
  • Sports
  • Tech
  • Health

© 2026 Metrowatchxtra Nigeria Published by Miraculous Media Connect Limited. All rights reserved