BY OYE OGUNWALE
The two refineries being established by the Independent Petroleum Marketers Association of Nigeria (IPMAN) are expected to be ready in 18 months to boost fuel supply and reduce refined crude price when completed.
According to the National Secretary of the association, Alhaji Danladi Pasali, who disclosed this in Lagos during the election and inauguration of new executive of IPMAN Western Zone, the new refineries are sited in Kogi and Rivers states.
Pasali attributed the late take off of the project to paper works by the Federal Government and non-passage of the Petroleum Industry Bill (PIB) by the National Assembly, stressing that as soon as these hurdles were cleared, the refineries would be ready.
The IPMAN scribe advised the Federal Government to sell its four refineries to the association for effective management, pointing out that the government had no business running refineries, but has a mandate to create conducive atmosphere and legal framework for the private sector in the oil business.
Pasali also stated that the crisis rocking the body at the national level would soon be over, adding that the decision of the court was being awaited to decide the way forward.
The new executive of IPMAN Western Zone included the Chairman, Alhaji Debo Ahmed; Mr. Kunle Bamgboye, vice chairman; Chief Mark Alabi Oba, secretary; Pastor Sanya Aluko, treasurer; Pastor Toye Olayinka, financial secretary; Mr. Dapo Coker, Mr. Fadomiye Oladele, PRO; Olanrewaju Olaniyan, assistant secretary; Alhaja Afolashade Oladosu, organising secretary and Mr. Babatunde Ogundoyin, Chief Whip.
In his acceptance speech, the new zonal chairman promised to discharge his duties without fear or favour, with honesty of purpose, accountability, diligence, fear of God and to uphold the constitution of the association.
Source : SunOnline