• About
  • Advertise
  • Our Privacy Policy
  • Contact
Thursday, July 23, 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.

READ ALSO  Tribunal Sacks Lagos LP Rep Sowunmi, Declares APC’s Ogunyemi Winner | METROWATCH

“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.

“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.

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

“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.

“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
Latest News

Fuel Price: Dangote Refinery Breaks Silence on Suspension of Petrol Gantry Sale

by Kemi Sheriepha
July 16, 2026
0

The Dangote Refinery has officially opened up on the alleged suspension of petrol gantry sales to marketers and other offtakers....

Read moreDetails
Nigerian: Fuel Price Reduced by N125 per Litre, Says IPMAN

Dangote Refinery: Some Depot Owners Increase Petrol Price after Hike Crude Cost

July 14, 2026
Mixed Feelings as Dangote Refinery Begins Fuel Distribution Nationwide

Fuel Price: Dangote Refinery Suspends Petrol Sale in Naira

July 14, 2026
Nigerian: Fuel Price Reduced by N125 per Litre, Says IPMAN

Nigerian: Fuel Price Reduced by N125 per Litre, Says IPMAN

July 7, 2026
Nigerians Can’t Get Cheaper Fuel Amid Crude Price Drop, Refiners Give Reason 

Oil Marketers: Nigerian Govt Insists on Fuel Price Slash 

July 6, 2026
Nigerians Can’t Get Cheaper Fuel Amid Crude Price Drop, Refiners Give Reason 

Again, Nigerian Filling Stations Reduce Fuel Price

July 4, 2026
Load More

APO

Recent Posts

  • National Security: Tinubu Expands Nigerian Army Divisions from 8 to 12, Okays 28,000 New Recruits
  • Presidency Tackles Atiku for Reporting Tinubu to Trump, US Congress
  • 311 Reps Pass State Police Bill, as Minority Caucus Walks Out
  • Adeleke Bans NURTW Activities in Osun
  • Makinde Proceeds on Annual Leave, Hands Over to Deputy

Recommended

State of Emergency: We’ll Emerge Stronger, Fubara to Rivers People

State of Emergency: We’ll Emerge Stronger, Fubara to Rivers People

1 year ago
NYSC: Why we Decamped Corps Member with Skirt

NYSC: Why we Decamped Corps Member with Skirt

4 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