The Independent Petroleum Marketers Association of Nigeria (IPMAN) has secured a direct supply agreement with Dangote Refinery for petroleum products, including petrol, diesel, and kerosene. This collaboration aims to improve supply efficiency and reduce costs by bypassing intermediaries. With the agreement, IPMAN members will directly source products for distribution nationwide, enhancing availability and stabilizing prices. The partnership is expected to support local refining, decrease reliance on imports, and positively impact Nigeria's foreign exchange market. IPMAN is also pushing for expanded infrastructure for compressed natural gas (CNG) in line with the national shift to cleaner energy sources.

The direct supply deal between IPMAN and Dangote Refinery marks a significant step in Nigeria's quest for energy self-sufficiency. By cutting out middlemen, the agreement allows for a more streamlined and cost-effective distribution of petroleum products across the country. This direct sourcing model promises to enhance the availability of key fuel products, ensuring a more reliable supply and potentially lowering retail prices for consumers.

Moreover, the partnership aligns with Nigeria's broader strategy to support local refining and reduce the nation's dependence on imported petroleum products. By boosting domestic production capabilities, the deal has the potential to improve Nigeria's foreign exchange situation by reducing the outflow of funds that would otherwise be spent on imports. This shift could lead to a more sustainable fuel supply chain, with a positive long-term impact on the economy.

In addition to the focus on fuel products, IPMAN is also advocating for infrastructure development, particularly in the area of compressed natural gas (CNG). As part of the government's commitment to cleaner energy alternatives, expanding CNG infrastructure could help reduce Nigeria's reliance on more environmentally harmful fuels. This move aligns with global trends toward cleaner energy solutions and positions Nigeria as a forward-thinking energy market.