LASG ISSUES TRAFFIC ADVISORY AHEAD OF FANTI CARNIVAL. (PHOTO). #PRESS RELEASE.

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 LASG ISSUES TRAFFIC ADVISORY AHEAD OF FANTI CARNIVAL The Lagos State Government has announced traffic diversions and restrictions ahead of the Lagos Fanti Carnival scheduled to hold on Monday, 6th April, 2026, around Tafawa Balewa Square (TBS), Lagos Island. In a bid to ensure a seamless and hitch-free carnival procession, vehicular movement will be restricted along major adjoining roads linking TBS. Affected Routes are; King George V Road (by Mobil Filling Station), Flag House inbound TBS, Force Road inbound TBS, Onikan Roundabout inbound TBS, and WaterBoy Roundabout by Old Defence House. Additionally, all link roads to Moloney Road, such as Military Road (by Old Defence Building), Ajasa Street, Boyle Street, and Hawley Street, will be closed to traffic during the event. To ease parking challenges, designated car parks have been arranged for public use, these include; the Yoruba Lawn Tennis Club Car Park, Zone 2 Car Park (opposite Island Club along King George V Road), Museum Kit...
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IPMAN DIRECTS MEMBERS TO PRIORITIZE DANGOTE REFINERY FUEL PURCHASES, EYES OWN REFINERY VENTURES. (PHOTO).

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 IPMAN Directs Members to Prioritize Dangote Refinery Fuel Purchases, Eyes Own Refinery Ventures


Independent Petroleum Marketers Association of Nigeria (IPMAN) has issued a nationwide directive to its members to prioritize buying Premium Motor Spirit (PMS), commonly known as petrol, exclusively from the Dangote Petroleum Refinery, citing the facility's competitive pricing and its role in bolstering domestic refining.


In a statement, IPMAN National President Abubakar Maigandi Shettima emphasized the importance of this move in reducing Nigeria's dependence on imported fuel. "I am calling on all IPMAN members nationwide to prioritise patronising the Dangote Refinery in their purchase of PMS products, as they already offer the best affordable price for all marketers today," Shettima said.


The directive comes amid an upcoming enhancement in supply logistics: Starting January 2026, Dangote Refinery will begin direct supplies of PMS to registered IPMAN members, including free delivery to filling stations across the country. This is expected to further stabilize supply chains and potentially lower pump prices at retail outlets.


IPMAN, which controls over 80% of Nigeria's petrol retail market, argues that continued fuel imports distort market dynamics, drain foreign exchange reserves, destroy local jobs, and deter investments. Shettima criticized the "reckless" issuance of import licenses, urging regulators to prioritize local production. "Continuous import is NOT an acceptable parallel business model," he stated.


Additionally, IPMAN expressed ambitions to enter refinery ownership itself. Shettima called on the new leadership of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to implement policies allowing independent marketers to invest in and operate refineries, aiming to deepen domestic refining capacity.


The association praised President Bola Ahmed Tinubu for recent leadership changes at regulatory bodies, crediting them with enabling stronger partnerships like the one with Dangote Refinery. "The focus of the Dangote & IPMAN partnership has always been geared towards making life better for Nigerians," Shettima noted.


IPMAN also highlighted unresolved issues, including over N190 billion in outstanding bridging claims owed to members.


This development builds on ongoing efforts to shift Nigeria toward self-sufficiency in petroleum products, following years of reliance on imports due to dormant state-owned refineries. Analysts say the strengthened IPMAN-Dangote collaboration could lead to more stable fuel availability and reduced prices in the coming months.

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