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Dangote Meets Marketers Tuesday Over New Petrol Price

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The Independent Petroleum Marketers Association of Nigeria (IPMAN) is set to meet with Dangote Petroleum Refinery on Tuesday and Wednesday to finalize cost and lifting agreements for petrol from the facility.

On Sunday, the Petroleum Retail Outlet Owners Association of Nigeria was requested by Dangote Refinery to resubmit its petrol lifting request.

PETROAN anticipates a potential decrease in petrol prices as competition in the downstream oil sector increases, enabling marketers to load products from the refinery.

IPMAN views the impending agreement with Dangote Refinery as vital to enhancing petroleum product lifting and bolstering Nigeria’s fuel supply chain efficiency.

Following the Federal Government’s approval last week, petroleum marketers can now directly lift petrol from Dangote Refinery, bypassing the Nigerian National Petroleum Company Limited.

The Minister of Finance and Chairman of the Naira-crude sale implementation committee, Wale Edun, had in a statement, said, “Moving forward, petroleum product marketers are now able to purchase PMS (petrol) directly from local refineries without the intermediary role of NNPC.

“Marketers are encouraged to initiate direct purchases from refineries on mutually negotiated commercial terms, which will promote competition and improve market efficiency.”

Providing an update on Sunday, the National Publicity Secretary of IPMAN, Chinedu Ukadike, said the association hoped to meet with officials of the Dangote refinery for discussion as it is ready to commence a healthy business relationship with the refinery

Ukadike, who spoke during an interview monitored by our correspondents on Arise TV, said the association had acquired tank farms to enhance its storage facilities, thus addressing a challenge that had previously hindered operations.

He said, “We hope to sit down with Dangote maybe Tuesday or Wednesday and if they give us a template or price, we will move to Dangote. I want to reassure you that we have all it takes to off-take whatever Dangote will give to us. I don’t know why they are dragging their legs to discuss with marketers, maybe it is politics.

“The more we take action in terms of distribution lines, the price will come down, we are not afraid of this competition, we have organised ourselves and are ready to compete because this is the survival of the fittest.

“The issue of not having tank farms is gone because we have addressed the issue and now have farm tanks and anywhere Dangote says they will give us our products, we will distribute them to our marketers.”

On his part, President PETROAN, Billy Gillis-Harry, told The PUNCH his group had been asked to resend their request to lift petrol from the plant.

“We have written to them (Dangote) several times and they are fully aware of what PETROAN has been doing. One of the executive directors there called me to say that they are going to set up a meeting with us, so we are waiting for that to happen. Hopefully, we can do that this week.

“We are willing to take products from all of them, NNPC, traders, importers, Dangote refinery, modular refineries, etc. So, we are in that pursuit. We have not received confirmation of the meeting with Dangote yet, but we have been told to resend our request, which we have done.

“And I think that is a positive response compared to before when they were just keeping quiet. So, any moment from now PETROAN members should start lifting products from the Dangote refinery and it is good news for us and everyone,” Gillis-Harry stated.

On whether the price of petrol would drop in the future, the PETROAN president added, “The price can be knocked down to N700/litre; it depends on the volatility of the market and this does not always mean upward prices, it could also mean prices coming down.

“If we have massive supply and there is a lot of products in Nigeria, obviously everybody will be looking for just minimal profit. Our business is focused on turnover, so people may cut prices down.”

Meanwhile, Ukadike, the IPMAN spokesperson, stated that the Nigerian Midstream and Downstream Petroleum Regulatory Authority had issued a bulk purchase license for independent marketers so that they could off-take from Dangote refinery.

“The NMDPRA has issued a bulk purchase license for independent marketers so that we can offtake from the Dangote refinery. We want this to take effect immediately. We have also been promised an import license so that we can import. These are the factors of deregulation.

“When you implement it, you have put all the stakeholders in the same line so that the competition will be healthy. It is not putting some people before others. How can we buy products at N1,040 and say there is competition? It is designed to edge us out and make us dependent on NNPC and its sources.

“The NMDPRA boss told our national president that we would be issued an import license on Friday. But you know all these processes have bureaucratic procedures. Before we didn’t have this chance but today, the situation has improved,” he noted.

On the debt owed to oil dealers by the NNPC, Ukadike said, “The NNPC boss has agreed to load out all our tickets that are in their system and unlock the money. Sometimes we get these monies from bank loans and when it is locked up, we incur bank charges which also affect the price of fuel.

“They haven’t loaded us out as I speak to you now; they have also not revealed the new price. It is only when they do that, that we will look at the remittance we are going to pay but our president insisted that since this money has been locked up with them, they should give us at the old price so that we can use it to cushion the bank charges and other expenses we have incurred so far.

“By Monday or Tuesday, the new price will be out and I will announce it. We don’t want that impression that independent marketers are selling higher than NNPC.”

Continuing, IPMAN sought the government’s assistance in financing by creating an energy bank to assist marketers following the huge cost of interest rates affecting price increases.

“We are working with security agencies to ensure that products are not stolen out of this country, and products meant for independent marketers go to their stations. Also, we are working to ensure there is nothing like adulteration.”

He said independent marketers were on the verge of collapsing because of the huge amount invested in buying one truck of 45,000 litres of petrol.

“Before the subsidy removal, we bought products at N8.1m, but now we are buying it close to N50m. How many people can survive that?”

BIG STORY

Mental Health: Obasa Advocates Collective Responsibility, Collaboration With Lawmakers [PHOTOS]

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Given the grimness and prevalence of mental health issues across the country, the Speaker of the Lagos State House of Assembly, RT. Hon. Mudashiru Obasa has advocated inter-sectoral collaboration with the assembly and collective responsibility by agencies, individuals, and institutions.

Speaking in his capacity as chairman at the Seventh Public Lecture of the Board of Fellows, Pharmaceutical Society of Nigeria (PSN), held Tuesday, July 2, 2025, at the Festival Hotel, Amuwo-Odofin, Lagos, Obasa described the theme, Mental Health: A Basic Human Right Crucial to Personal, Community, and Socio-Economic Development, as timely and globally relevant.

He opined, “We live in times where the mental health of individuals is increasingly becoming a matter of public concern because globally, there is a rising incidence of mental health disorders, and unfortunately, Nigeria is not exempted.”

The Lagos Speaker reckoned that mental health is crucial to personal and community development because, “It is the bedrock upon which personal growth and achievements are built. For our nation to thrive, we need citizens who are mentally sound and can contribute meaningfully to national development.

“Socio-economic development is intertwined with mental health. A nation with a high burden of mental health disorders will undoubtedly suffer a decline in productivity, a decrease in the quality of life, and a strain on health resources.”

Conversely, he said that a community with a high prevalence of mental health disorders is not only destabilised but also lacks progress. Therefore, he continued, “It is important that we take collective responsibility to ensure that our communities are mentally healthy. As a nation, we must pay keen attention to mental health and integrate it into our public health policies.”

Obasa recalled that the issue of mental health is very dear to him, which encouraged the enactment of the Lagos State Mental Health Service Law of 2018 during his first term as Speaker. The law provides for the protection and care of individuals with mental health conditions and substance abuse, stresses the rights of patients, including the right to treatment close to their domicile, and the same rights as physically ill persons. It also focuses on integrating mental health services into primary healthcare, providing comprehensive coverage, and fostering intersectoral collaboration.

However, Obasa noted that professional bodies like the PSN are not collaborating enough with lawmakers to drive change. “We must advocate for policies that promote mental health care, combat stigma, and support initiatives to enhance mental well-being. Together, we can ensure that mental health is recognized as a basic human right essential to personal, community, and socio-economic development,” he concluded.

Brig. Gen. Buba Marwa (Rtd.), Chairman/CEO of the National Drug Law Enforcement Agency (NDLEA) and special guest of honour, linked the rise in mental health issues to fake drugs and substance abuse. He described mental health as a neglected aspect of public health and called for increased awareness and sensitisation programs by the PSN.

In his address, Pharm. Uche Akpakama, chairman, Board of Fellows, Pharmaceutical Society of Nigeria, said, “It is documented that more than a quarter of the Nigerian population has mental health issues, exacerbated by the current socio-economic situations, including extreme poverty, internal displacement, insecurity, and unemployment.” Akpakama said he hoped that the public lecture would address the current state of mental health in Nigeria, the role of pharmacists, other health professionals, and proffer strategies for promoting mental health awareness.

The keynote speaker, Dr Gbonjubola Abiri, a Consultant Psychiatrist and CEO of Redi-Med Consulting, a medical consultancy firm, said having established the grimness of the situation, “the drive now is to ensure mental health promotion and the prevention of mental health disorders in the general population, while also ensuring that persons with mental disorders are given the best attention to manage their health so that they can live their best lives despite their conditions.”

Pharm. Gbenga Falabi, chairman of the planning committee, declared that the annual lecture serves as a platform for knowledge-sharing and developing strategies to promote mental health awareness. “Today’s insights will enhance our understanding of mental health’s critical role in personal, community, and socio-economic development,” he said.

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BIG STORY

BREAKING: Sanwo-Olu Receives 60th Birthday Special Publication From Lanre Alfred At Lagos House [PHOTOS]

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It was all praise and admiration as celebrated author and media consultant, Lanre Alfred, formally presented his newly published special publication on the Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu, titled “The Man Who Carried a City”, at a modest but poignant gathering held at the Lagos House, Marina, today.

The gathering, witnessed by a select group of the Governor’s cabinet members and close aides, marked a symbolic celebration of Sanwo-Olu’s 60th birthday on June 25, 2025. Present to honour the occasion was also Wale Olaleye, Deputy Editor of THISDAY Newspaper, who penned the foreword of the book, and Kayode Olashile-Alfred, THISDAY columnist and a media and hospitality entrepreneur.

A visibly delighted Governor Sanwo-Olu received the commemorative volume with joy and deep gratitude, expressing astonishment at the richness of the work and the devotion behind it. “I am genuinely impressed by the quality of this book,” he remarked, commending Alfred’s bold initiative, which was undertaken without any financial or material incentive. “It is rare to see this level of literary commitment that is driven purely by admiration and civic appreciation.”

Alfred, renowned for his lyrical prose and insightful portraits of Nigeria’s high achievers, revealed that he embarked on the book project 18 months ago, moved by a deep admiration for Governor Sanwo-Olu’s revolutionary governance and resilient leadership, particularly during moments of turbulence.

“Governor Sanwo-Olu’s journey is not just a political story, it is a deeply human one,” Alfred said during the presentation. “This is a man who steered Lagos through the chaos of COVID-19, the trauma of #EndSARS, and the daily complexities of managing Africa’s largest subnational economy, without losing the human touch.”

He described the special publication as a literary monument to a governor who has governed with empathy, deliberateness, and vision. “I wanted to ensure that such a legacy is preserved beyond fleeting headlines or public memory. ‘The Man Who Carried a City’ is not a tribute to power, but to purpose. It is an archive of grace under pressure, of governance without theatrics, of leadership defined by listening rather than loudness.”

In his remarks, Wale Olaleye described the book’s narrative as “probing and profound,” noting that Alfred’s portrait of Sanwo-Olu goes beyond celebration. “It is also a mirror,” he said, “a reminder of what true public service can look like in our time.”

Kayode Olashile-Alfred, who has followed Alfred’s literary career closely, lauded the work as “a powerful addition to the canon of modern Nigerian political special publication,” adding that “Dr Alfred has succeeded in blending scholarship, poetry, and reportage into a narrative that preserves not just a man’s record, but his essence.”

“The Man Who Carried a City” is published by Old English Partners and spans over 326 glossy pages richly adorned with evocative photography and meditative prose. From Sanwo-Olu’s formative years and quiet rise through public service, to his tumultuous yet steady-handed tenure as governor, the book distils a lifetime of service into a series of vivid, emotionally intelligent portraits.

The book’s evocative chapters—“The Clockmaker’s Spawn,” “Lagos in His Lungs,” “The Politics of Listening,” “2020… The Year Lagos Trembled,” and “Legacy as a Living Covenant” trace policy achievements and the philosophical, emotional scaffolding of Sanwo-Olu’s public life. A chapter titled “Ibijoke” presents the First Lady’s quiet strength as a stabilising pillar in the governor’s journey.

Alfred noted that in an era where political narratives are often distorted or forgotten, he considers it a duty to document leaders who have served meaningfully. “Nigeria’s problem is not the absence of worthy leaders,” he said, “it is our failure to preserve their stories. Sanwo-Olu’s calm through crisis, his civic fidelity, and his silent sacrifices deserve a place in our national archives.”

The Man Who Carried a City is both a birthday gift and a civic reflection; a reminder that in turbulent times, quiet courage and steadfast service still matter.

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BIG STORY

JUST IN: Atiku, Obi, El-Rufai, Opposition Coalition Leaders Arrive For ADC Unveiling

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Leaders from different opposition parties are converging at the Yar’Adua Centre in Abuja for a press briefing organised by the African Democratic Congress (ADC).

Those already present include former Vice-President Atiku Abubakar; Peter Obi, the 2023 presidential candidate of the Labour Party (LP); Nasir el-Rufai, former Kaduna governor; and Dino Melaye, a former senator.

Also in attendance are Solomon Dalung, former minister of youth and sports; media figure Dele Momodu; ex-senator Gabriel Suswam; and Ireti Kingibe, a current LP senator.

Others present include Rotimi Amaechi, ex-governor of Rivers; and Emeka Ihedioha, former deputy speaker of the house of representatives.

The event has drawn participation from members of the Peoples Democratic Party (PDP), the Social Democratic Party (SDP), and the LP.

Former Senate President David Mark led other coalition members into the hall as the programme began.

Also in attendance are Rauf Aregbesola, former Osun governor and interim national chairman of the ADC; and Aminu Tambuwal, ex-governor of Sokoto.

Earlier in the day, the ADC coalition unveiling faced a disruption after the original venue cancelled the booking at the last minute.

The event was initially planned for the Wells Carlton Hotel and Apartments in Asokoro, Abuja.

Just hours before the scheduled time, organisers were notified that the hotel would not proceed with hosting the event.

A screenshot of the hotel’s notice, shared by Momodu on Instagram, cited an “internal compliance matter” as the reason for the cancellation.

Following the development, the coalition secured the Yar’Adua Centre as an alternative venue.

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