IPMAN Plans To Flood Market With Petrol Soon

The Independent Petroleum Marketers Association (IPMAN) has restated its support to the decision by government to liberalise the downstream petroleum sector, saying that very soon the members of the association will flood the market with petrol to end the long lasting scarcity in the country.

The IPMAN  president, Elder Chinedu Okoronkwo stated that the recent scarcity of products was as a result of the regulated regime where only those approved by government will import and sell petrol. He said in recent times, NNPC was the sole importer of petrol which became serious burden on the operation of the company.

“A regulated business regime anywhere in the world does not thrive. Business is for private sector, they have the investment and zeal to bring competition and operate successfully.”

Okoronkwo revealed that already, arrangement has been made by his members to bring petrol from all over the world to flood the market, after the government announced the liberalisation policy as a short term measure while in the long run there are plans to build modular refineries across the country to ease distribution.

He bemoaned the recent strike action by the labour unions, asking for how long Nigerians will continue to be subjected to hardship as a result of strikes that end  without any tangible result?