The Independent Petroleum Marketers Association of Nigeria (IPMAN) has heaped challenges associated with effective fuel distribution on its leadership crisis, just as it recommended that President Muhammadu Buhari should take the bull by the horn and deregulate the petroleum industry.
IPMAN’s factional President, Lawson Obasi, who gave the advice in Abuja, on Monday, said prospects for deregulation was enormous for the country but that the process must be taken gradually, so as not to inflict too much suffering on the people.
“The leadership crisis within the IPMAN is partly responsible for the fuel crisis being experienced in the country and we take full responsibility for that.
“IPMAN strongly believe in deregulation of the downstream sector of the petroleum industry by President Muhammadu Buhari but it must be done gradually so that the masses will not feel the impact. It will definitely enhance the sector and make meaning of our multi-million dollars projects scattered all over the country,” senior aide to the IPMAN President, Ukadike Chinedu told Daily Independent in an interview.
The group also noted that Buhari should take holistic review of existing refineries in the country, address challenges posed by vandalism as well as examine the contributions of IPMAN in arriving at his decision to deregulate the sector.