The Independent Petroleum Marketers Association of Nigeria (IPMAN) has reiterated her commitment to transform the economy through her numerous commercial ventures. The association under the leadership of Elder Chinedu Okoronkwo will build two new ultra-modern refineries in Bayelsa and Kogi States at the cost of $3billion to increase the quantity of refined petroleum products for use in the country. The ground-breaking ceremony of the projects is expected to take place by the end of the year 2014.
The new look executive is banking on good foundation laid by a past President of IPMAN, Chief Dr. Bestman Anakwe. Chief Anekwe is the indefatigable chairman of NIPCO PLC.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) is to build two ultra-modern refineries in Bayelsa and Kogi states for about $3 billion to increase the volume of refined products internally.
Its National President, Elder Chinedu Okoronkwo, said in Lagos that the ground-breaking would be performed before the end of this year, adding that the project will be carried out in collaboration with foreign investors.
Another leadership capability exhibited by the new executive of Elder Chinedu Okoronkwo, was containing the agitations of an opposition led by Obasi Lawson. Elder Okoronkwo made an Abuja High Court to grant an interim injunction restraining Obasi Lawson and his group from “interfering with or disrupting the operations, activities and affairs of the Chinedu Okoronkwo-led executive of the Independent Petroleum Marketers Association of Nigeria (IPMAN). This wrangling in the association generated rumors that the association’s account was frozen some time ago, but our investigations revealed that it was untrue.
IPMAN under Elder Okonkwo is working round the clock to ensure speedy passage of the Petroleum Industry Bill (PIB) because it is believed that it is going to bring major reforms in the industry. This is expected to sail through before the end of the present administration.
These giant strides of IPMAN will go a long way in ensuring availability of petroleum products to IPMAN members, and ease scarcity in the country through effective distribution of the product to every nook and cranny of the country. Equally coming onboard of the two refineries will help grow the gross domestic product (GDP) of the country curb capital flight on importation of products.
These ventures will create jobs, where lots of Nigerian youths will be gainfully employed, and this will also reduce incessant kidnapping and dissidence in the country.
Those in the new executive that will help Elder Chinedu Okoronkwo to achieve these laudable objectives are; Alh. Abubakar M. Shettima, Vice President; Alh. Danladi Pasali, National Secretary; Mr. Bola Adeleke, National Treasurer; Alh. Hammed Fashola, Ass. National Secretary; Chief Joseph D. Obini, National Financial Secretary; Alh. Umar Baba Kano, National Legal Adviser; Alh. Yakubu Dimka, National Auditor; Alh. Yakubu Sulaiman, National Public Relations Officer; Dr. Leo Nkamene, National Organizing Secretary and Chief Ezekwesili Maduagwuna, Chief Whip.