Private tank farms crippled refineries, says IPMA.

The Independent Petroleum Marketers Association has said that the collapse of Nigeria’s refineries can be traced to the birth of private tank farms.

Chairman of IPMAN in Rivers State, Dr Joseph Obele, stated this in Port Harcourt.

Obele said the Federal Government must do away with bureaucracy if it was sincere in making refineries in the country functional, noting that poor management was responsible for the non-functioning of the four refineries in the country.

Obele said the Federal Government should restore subsidy on petrol until the countries four refineries were operating optimally.

Leave a Reply

%d bloggers like this: