The Independent Petroleum Marketers Association of Nigeria (IPMAN) has expressed support over the ongoing reforms in the Nigeria National Petroleum Corporation (NNPC) by the new management.
IPMAN National Secretary, Danladi Pasali said in a statement that the association for long has been yearning for positive changes in the oil sector such as the on-going reforms by Dr Emmanuel Ibe Kachikwu, the new NNPC boss.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has expressed support over the ongoing reforms in the Nigeria National Petroleum Corporation (NNPC) by the new management.
IPMAN National Secretary, Danladi Pasali said in a statement that the association for long has been yearning for positive changes in the oil sector such as the on-going reforms by Dr Emmanuel Ibe Kachikwu, the new NNPC boss.
The IPMAN Secretary said the downstream oil sector was almost dead before the rescue mission of the present administration, "no genuine investor was happy with the past situation of the oil sector. Several of our investments were ruined due to corruption at all levels, favoritism and impunity.
"With the appointment of Ibe Kachikwu as the new GMD NNPC by President Muhammadu Buhari, we are convinced that this administration is ready for business. Our members will ensure more investments in the downstream sector."
"We have already begun to see positive signs just two weeks after his appointment. That is enough encouragements for us as investors to put our money back in the downstream sector."
Pasali assured that the association will continue to partner with NNPC management for the successful downstream oil sector.
"We have the capacity and investments to flood this country with fuel if given the chance. It is important to note that more than 85 percent of the petrol outlets belong to our members, therefore we are closer to people as per as oil distribution is concerned than any group or people.
IPMAN thanks President Muhammadu Buhari for the appointment and assured to work with the new management to ensure trouble-free downstream oil sector.
The association's scribe also urged the new GMD to ignore all sponsored attacks on his style of leadership by any group, saying that the interest of the nation supersedes that of an individual or group.
He also called on the new GMD as a matter of urgency to encourage private investment in the areas of refining and petrochemicals, as IPMAN refinery discussion has already gone far with its partner.
"With his background from the private sector, Dr Kachikwu is expected to give private business more priority but not to continue relaying on government as it was in the past NNPC.
We welcome the idea of running NNPC as a commercial entity not as cost house of government. Through these types of initiatives, the country will really benefit from its oil wealth.
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