Repair All Refineries before Privatizing Them, IPMAN Advices FG


Nigeria's Oil Minister Alison-Madueke talks to reporters at the start of an OPEC oil ministers meeting in ViennaAhead of the proposed sale of the nation’s oil refineries, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has advised the Federal Government to repair refineries before selling them off.

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Speaking with the News Agency of Nigeria(NAN) on sunday, Alhaji Sule Magaji, Chairman of IPMAN said, “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 Magaji, repairing the refineries and securing the pipelines will motivate potential buyers and other investors to be part of the planned sale. The IPMAN boss also expressed his fear that the sale of the refineries would lead to total removal of existing subsidy on some petroleum products.

Magaji further commended the government’s effort in tackling petroleum scarcity and making the products readily available to Nigerians. (NAN)

Babatunde Akinsola
Babatunde Akinsola
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

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