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IPMAN is the umbrella
organization for all registered independent petroleum products
marketing companies in Nigeria and its headquarters is located
at No. 42 Gnassimbc Eyadema Street , Asokoro, Abuja . The
establishment of this body resulted from the decree promulgated
in 1978 by the then military administration which established
the Independent Marketers' Scheme, aimed at promoting indigenous
participation in the petroleum downstream sector. The programme
was also aimed at entrenching competition in the sector that was
hitherto dominated by largely foreign owned major marketing
companies.
ORGANISATIONAL STRUCTURE
IPMAN is hierarchically structured into 3-tiers-
• The National Executive Council
• The Zonal Executive Council
• Depot Executive
IPMAN's zones are created in line with the PPMC's Area Offices
in the downstream sector. The zones are geographically located
and the depots located within the zones. There are twenty (21)
PPMC petroleum products depots in the country. The eight
elective offices in IPMAN in the 3-tier format are the same
except at the national level where the body is presided over by
a President. At the zones and depots, the activities are
presided over by a Chairman. Since inception, TPMAN has had six
(6) National Presidents.
AIMS & OBJECTIVES
The following are the aims and objectives of IPMAN
• To give Nigerians opportunity to participate in the business
of the downstream sector of the petroleum industry to foster
unity among the members of the Association
• To promote and protect the overall interest of the members of
the Association.
• To raise funds by authorized means for the purpose of
promoting the welfare of the members
• To obtain licenses and other necessary documentations from the
Government and its appropriate agencies for and on behalf of
members of the Association.
ASSETS
IPMAN is said to control about 62% of the retail outlets in
Nigeria . It has three thousand, eight hundred (3,800) members
and eight thousand six hundred and seventy one (8,671) service
outlets nationwide. Their investments in the downstream are well
over N 25,000,000,000 (twenty-five billion Naira). Its member
companies also claim to have over 70% of the market share in the
downstream sector. This is as a result of their overwhelming
investments in all the nooks and crannies of this country to
make petroleum products available even in the remote areas.
Total staff strength is about 220,000 in all their service
outlets, with the expectation of 5.5% increase in their
employment profile across the country annually.
With the establishment of NIPCO PLC, IPMAN is well repositioned
to face the challenges of downstream sector reforms by the
Federal Government. Early last year, (2005) IPMAN, was granted
license to build a private refinery .
Excerpts Culled from:
Downstream Monitor (Quarterly Newsletter of the PPPRA)
January-June 2006
Compiled by:
Okafor Loretta |
