By Samaila Emmanuel Bzugu

The Impartial Petroleum Entrepreneurs Affiliation of Nigeria (IPMAN) and Dangote Refinery have made a groundbreaking settlement that can revolutionize the gas business in Nigeria. The 2 giants have agreed to instantly carry Premium Motor Spirit (PMS), Automotive Gasoline Oil (AGO), and Twin Goal Kerosene (DPK).

This improvement is a major step in the direction of ending the middleman position of the Nigerian Nationwide Petroleum Company (NNPC) in gas procurement. IPMAN members will now be capable of buy PMS instantly from native refineries, together with Dangote Refinery, with out counting on NNPC.

The settlement is anticipated to enhance the provision chain and scale back prices related to gas importation. It’s going to additionally enhance the capability of native refineries to fulfill Nigeria’s gas calls for.
Direct carry of PMS, AGO, and DPK will guarantee a gradual provide of gas throughout the nation, Eliminating intermediaries will scale back prices and make gas extra reasonably priced for Nigerians, and The settlement will encourage the expansion of native refineries and scale back dependence on gas importation.

IPMAN and Dangote Refinery are set to finalize the small print of the settlement in a gathering scheduled for this week.

IPMAN and Dangote Refinery are set to finalize the small print of the settlement in a gathering scheduled for this week. This transfer is seen as a significant breakthrough in Nigeria’s quest for power self-sufficiency.