IPMAN Supports Splitting of NNPC



THE Independent Petroleum Marketers Association of Nigeria, IPMAN, is backing the President Muhammadu Buhari’s idea of splitting the Nigeria National Petroleum Corporation, NNPC, into two so as to bring effective and efficient in quick delivery of petroleum products to the doorsteps of Nigerians. Debo Ahmed, western zonal chairman, IPMAN, said the continued dependence of the day-to-day administration of the NNPC on only the group managing director has hampered its smooth operation and distribution of petroleum products in the country.

“NNPC is an octopus. They have to split it to work effectively. The NNPC is doing everything both offshore, on-shore, upstream and downstream and it is under only one person, group managing director. If NNPC is being managed by a private organisation, it won’t be like this. The bigness of this corporation makes taking decision to become so slow and as such if it is split into two it will work efficiently. One will be doing other logistics and the other basically for operations. If the organisation is split into two they will be effective, efficient and they will respond to issues,” he said.

On the planned probe of oil sector by President Buhari, Ahmed said, “President Muhammadu Buhari had made his marks in the oil sector in his first coming as head of state and we are in support of the probe of the oil sector and the probe should be extended to all the depots. We marketers pay N120,000 yearly for the renewal of our bulk purchasing and we have over 15,000 marketers nationwide, that is over N1.4 billion. Up till today they have not renewed the bulk purchases and what is bulk purchase, just a paper for their legal department to sign.

“They were supposed to have used the money to fix the pipelines to ensure they are okay because they are killing the goose that lay the golden egg. We are paying money to give us a license. We don’t see the effect of this because our licenses will be for lifting products in the depots. Are the depots working now? The probe should not be limited to the headquarters alone, it should extend to the depots; from the depots the public will be able to know what the NNPC has been doing.”

— Aug 10, 2015 @ 01:00 GMT


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