IPMAN reads riot act to touts, hoard­ers of fuel

Daily Trust - - ENERGY - From Eyo Charles, Cal­abar

In­de­pen­dent Petroleum Mar­keters As­so­ci­a­tion of Nigeria (IPMAN) in the east­ern zone has is­sued a stern warn­ing to hoard­ers of petroleum prod­ucts and ad­vised touts to steer clear of the na­tion’s de­pots.

It lamented that gen­uine mar­keters have been fac­ing dif­fi­cul­ties be­cause of the ac­tiv­i­ties of some ca­bals and touts who have hi­jacked the sale of prod­ucts.

This warn­ing was is­sued by the East­ern Zonal Chair­man of IPMAN, Chief Adokiye Dede, in Cal­abar, shortly af­ter he in­tro­duced the new care­taker com­mit­tee for the Cal­abar De­pot, headed by Mr. Ef­fiong Udoh, to petroleum stake­hold­ers in the area.

The IPMAN boss called on the au­thor­i­ties to pri­va­tise all the re­finer­ies in the coun­try, say­ing with the ac­tive par­tic­i­pa­tion of the pri­vate sec­tor, there was bound to be pro­lif­er­a­tion of new re­finer­ies which, among oth­ers, will re­duce the high level of un­em­ploy­ment.

Dede said as a ma­jor oil pro­duc­ing na­tion, it made no sense ex­port­ing huge quan­ti­ties of crude to other na­tions and im­port­ing the fin­ished prod­ucts at ex­or­bi­tant prices.

He averred that the huge funds be­ing ex­pended on sub­si­dis­ing prices had been bet­ter be chan­nelled to other ar­eas for eco­nomic de­vel­op­ment.

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