Abuja, Nigeria – June 17, 2025
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have reaffirmed their commitment to deepen collaboration across key areas in the downstream oil and gas sector, particularly the Compressed Natural Gas (CNG) initiative.
This resolution emerged during a strategic meeting held at the NNPC Towers in Abuja, where the Group Chief Executive Officer of NNPC Ltd., Engr. Bashir Bayo Ojulari, was represented by the Executive Vice President, Downstream, Mr. Mumuni Dagazau. The NNPC team received a high-level delegation from IPMAN, led by its National President, Alhaji Abubakar Maigandi Shettima Garima, on a courtesy visit.
In his remarks, Mr. Dagazau acknowledged the historical relationship between NNPC Ltd. and IPMAN, noting that the association remains a vital partner in the distribution and retail segment of Nigeria’s downstream value chain.
“IPMAN has been an indispensable player in ensuring last-mile fuel distribution across the country. As we transition towards cleaner and more sustainable energy sources, your role becomes even more pivotal,” Dagazau said.
The meeting focused on deepening existing ties and exploring fresh synergies in the government-backed CNG rollout aimed at providing cheaper, cleaner fuel alternatives for Nigerians. Stakeholders also discussed broader investment prospects within the oil and gas ecosystem, including depot management, logistics optimisation, and grassroots energy accessibility.
Responding, IPMAN President Garima expressed appreciation for NNPC Ltd.’s openness and reaffirmed the association’s willingness to align with national energy goals. He stressed the need for sustained partnership in areas such as supply chain stability, equitable pricing, and support for small-scale marketers.
“We are ready to work with NNPC Ltd. to ensure the success of the CNG programme and other initiatives that benefit the Nigerian people,” Garima stated.
The courtesy visit comes at a time when Nigeria’s downstream sector is undergoing major reforms, with deregulation policies and energy diversification plans pushing for enhanced private-sector involvement.
Analysts believe the continued engagement between NNPC Ltd. and IPMAN could help unlock new growth opportunities and address persistent challenges in fuel distribution, pricing transparency, and infrastructure development.
