Abubakar Shettima, the national president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), said that more than 1,000 tankers transport petroleum products valued at N150 billion every day throughout the nation.
He claimed that no marketer would purposefully put his goods on the road without making sure they have the necessary safety precautions in place with such an investment.
Shettima made this revelation to the New Telegraph in response to the recent tanker explosion in Jigawa state that killed roughly 108 people.
The IPMAN national president explained that the value of a petrol tanker alone is approximately N100 million, while the petroleum products inside the tank are valued at N50 million, creating a total of N150 million in petrol investments.
He called on the federal government to fix pipelines so that products can move from one point of storage to another, saying that marketers took risks by investing heavily in products and putting them on the road to move from one part of the country to another....Read Full Article [Click Here>]
Shettima stated:
“Normally if you look at our Nigerian roads, despite the fact that government has been trying its best, the pressure on the roads is still too much, because any good you want to transport you have to use the roads.
“So we are appealing, if it’s possible, let all these pipelines from depots all over the country be repaired so that they will be pushing these products to the nearest depots without plying the roads.”
