Alhaji Abubakar Migandi Garima, the president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), revealed intentions to build modular refineries in the states of Cross River and Lagos.
Garima clarified that the association decided to proceed with this refinery project as a result of the government’s elimination of the fuel subsidy during a live broadcast on AriseNews TV on Thursday.
He said, “All what they have been saying that there is no subsidy and still they are saving that amount of money of subsidy. So I think the journey is OK and we too Independent Petroleum Marketers are making a plan, we are even pushing to see that our own refinery has come to reality.
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“We are planning in two places. There is one in Lagos that we have already secured the land. Aggie refinery is there.”
“So we are all putting all our efforts to see that we too at least we started something.
“Since the removal of subsidy is ongoing and Dangote refinery is expected to start functioning very soon. And this Port Harcourt refinery, we’re expecting to start soon. It’s a modular refinery,” he added.
In light of rumours that the Nigerian government and the Nigerian National Petroleum Company Limited were considering boosting the price of petrol at the pump to N1,200 per litre, Garima offered her opinion on the planned IPMAN modular refineries.
SaharaReporters previously reported on how this conjecture caused a great deal of anxiety among Nigerian internet users on X (formerly Twitter). Many voiced concern that the price of petrol at the pump might increase, believing that this would make the country’s economic problems worse.
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A user on X named Stes_Giddy expressed worry that the nation’s small-scale economic sector would suffer from any more increases in fuel costs under President Bola Tinubu’s government.
He said, “Guy why you dey go far? 200k ke? There are sales girls and boys who earn less than 50k and they pay rent and transport to the island every day. What of business owners, I sell Chandeliers, I have to run gen from morning to night to display samples to customers.”
Nick’s Pizza stated that considering the difficulties Nigerians are currently facing in making ends meet, the government’s decision to fix the pump price at N1,200 should be seen as lacking humanity.
He said, “You even mentioned 200k, it’s only about 40% (according to stats) who earn that amount or close in this country. A lot of people and family men earn less than that in a month. How does the government expect them to survive.”
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“If NNPC can’t manage the petroleum affair of the nation, can they just scrap them off or just privatise the ministry so those who have something to offer can take over? Wtf is fuel 1200 in 2024? Do this people really understand the level of hardship Nigerians are going through,” another user, Omotayo said.
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