IPMAN’s spokesperson, Chinedu Ukadike, articulated this accusation in a recent interview with DAILY POST. At the heart of IPMAN's argument is the protracted and uncertain timeline surrounding the rehabilitation and functionality of the Port Harcourt, Warri, and Kaduna refineries. Despite significant investments in their refurbishment, their consistent operation remains elusive.
Ukadike contended that the effective operation of NNPCL-controlled refineries is crucial for fostering a competitive market. He specifically highlighted that if these refineries were fully operational, they would serve as a vital counter-balance to the Dangote Refinery, thereby leading to more competitive petroleum product prices for Nigerian consumers.
“NNPCL refineries are not working. We have the president declare an emergency in these refineries. It is NNPCL that is encouraging monopoly, not Dangote Refinery," Ukadike stated emphatically. He further explained, "If NNPCL refineries are producing petroleum products, it will checkmate Dangote Refinery, with more competitive petroleum product prices for Nigerians.”
These remarks follow NNPCL’s recent announcement of a shutdown of the Port Harcourt Refining Company (PHRC) for maintenance, with no clear date provided for its resumption of operations. This development has reignited public debate and skepticism regarding the long-term viability and efficiency of both the Port Harcourt and Warri refineries, especially given that they were reportedly rehabilitated in November and December 2024 after an extensive expenditure exceeding $1.5 billion.
IPMAN's strong stance underscores growing frustrations within the downstream petroleum sector over what they perceive as a lack of commitment to ensuring a level playing field. The association is urging the President to take decisive action by declaring a state of emergency concerning the state-owned refineries, emphasizing the need for urgent intervention to ensure their operational efficiency and prevent what they see as the unintended encouragement of monopolistic practices in the vital petroleum market.