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Democracy Day: IPMAN says Buhari’s administration can transform petroleum sector through PIB



Democracy Day: IPMAN says Buhari’s administration can transform petroleum sector through PIB

By Salomon Asowata

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says the administration led by President Muhammadu Buhari can transform the oil and gas sector with the passage of the Petroleum Industry Bill (GDP).

IPMAN President Mr. Chinedu Okoronkwo made the claim in an interview with the Nigeria News Agency (NAN) on Saturday in Lagos as the nation marked Democracy Day on June 12.

Okoronkwo said: “IPMAN is convinced that this administration can transform the oil and gas sector with the successful passage of the GDP which is currently before the National Assembly.

“The government has been vigorous in pushing for its adoption and we as industry players believe that there should be no further delay in its adoption in the interest of national development.

He said the GDP would transform the sector by providing the necessary legislative framework and a sense of direction for oil and gas sector operations.

“This will attract investment in the upstream, middle and downstream sectors, liberalize the market and create employment opportunities for Nigerians,” he said.

Okoronkwo said IPMAN is satisfied with the supply of petroleum products so far under administration.

“We are satisfied with the performance of the President who is himself Minister of Petroleum Resources and of Chief Timipre Sylva who is Minister of State for Petroleum Resources.

“We also recognize the efforts of Mr. Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation and other agency heads who have worked diligently to ensure product availability regardless of the associated cost element,” did he declare. (NAA)


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