Business
IPMAN Wants Liberalisation Of Kerosene Importation
The Western Zone of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has advised the Federal Government to liberalise importation of kerosene.
The Chairman of the Zone, Olumide Ogunmade, told newsmen in Lagos, that this was the only way to check marketers from converting kerosene to aviation fuel.
Ogunmade said that IPMAN was not involved in importation of aviation fuel as major marketers were given preferential treatment in the importation of the product.
He said that if importation of kerosene was liberalised and all marketers were importing, it would go a long way in addressing issues of diversion.
“I think it is the Federal Government that is creating scarcity of kerosene due to the fact that it is the only agency that is importing kerosene.
“I think if marketers are allowed to import the product, issues of converting kerosene to aviation fuel by some marketers will not occur,” he said.
The IPMAN boss stressed that issues of diversion of kerosene to aviation fuel would not arise if as many marketers were importing.
“As long there is scarcity, people will intend to make fast money and there is no way you can run from these issues.
Ogunmade said the Western zone of the association was planning to establish a refinery in the country if it could find technical partners.
He said that the association was working with the Petroleum Products Pricing Regulatory Agency (PPPRA) to commence importation of petroleum products into the country.
“If we have good technical partners, we can build a refinery in the country because we control the market and the business,” Ogunmade claim.
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Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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