Business
IPMAN To Build Refinery In Bayelsa
The Independent Petroleum Marketers Association of Nigeria (IPMAN) is set to build a refinery worth billions of Naira in Bayelsa State to increase petroleum products in the country.
The factional National President of the Association, Elder Chinedu Okoronkwo made this known in a statement issued by IPMAN made available to The Tide from the Association office in Port Harcourt, yesterday.
Okoronkwo said that the unveiled plan would drastically reduce the nation’s reliance on imported petroleum products as well as reduce the capital flight.
He said the refinery commissioning in Bayelsa would take place before the end of the year in collaboration with the state government and foreign investors.
The statement said IPMAN is proposing to build two refineries in Nigeria, in Bayelsa and Kogi States to ease scarcity of petroleum products, which is part of the present administration’s agenda.
He said IPMAN is in discussion with foreign investors/partners, while the agreement on final investment decision will be sealed before July 2014.
He said that when the refinery comes on full stream, scarcity of petroleum products would be a thing of the past in the country, stressing that the proposed new refinery would assist the growth of the country’s Gross Domestic Product (GDP).
The IPMAN leader said the proposed refinery in Bayelsa State would go a long way to create job where lots of Nigerians youths will be gainfully employed.
Okoronwko said the proposed refinery would also open up the socio-economic growth of the country for more investment in tandem with the transformation agenda of the present administration.

L-R: Minister of Women Affairs, Hajiya Zainab Maina, President, Quintessential Business Women Association, Mrs Shimite Katung and Executive Secretary, Association of Non-Bank Micro Finance Institutions of Nigeria, Mr Godbless Safugha, during the visit of members of Quintessential Business Women Association to the Minister in Abuja, yesterday.
Business
NCDMB, Jake Riley Empower 250 Youths On Vocational Skills
Business
NUJ Partners RSIRS On New Tax Law Education
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
-
Politics1 day agoPFN Rejects Call For INEC Chairman’s Removal Over Genocide Comments
-
Sports1 day agoEnekwechi wins Orlen Cup in season opener
-
Rivers1 day agoFasthire, PHCCIMA, CIPM Host CareerFest 2026 In PH
-
Sports1 day agoSimba open Nwabali talks
-
Sports1 day agoFalconets, Senegalese Lionesses arrive Ibadan for qualifier
-
Niger Delta1 day agoTinubu, Jonathan, Diri Pay Last Respect To Ewhrudjakpo
-
Niger Delta1 day agoStakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Politics1 day agoHoodlums Disrupt LP-ADC Defection Event In Lagos
