Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), has advised the Nigeria federal government to take a further step towards full deregulation of the downstream sector to enhance economic growth and development of the nation.
Commending the government for consistently seeking ways to reposition the sector for effectiveness and profitability, DAPPMAN chairman, Mrs Winifred Akpani said DAPPMAN, fully supports implementation of a a deregulated regime which will make the sector’s operations more seamless, enhance transparency, competitiveness and sustainable growth.
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“DAPPMAN is mindful of the commitment of the government and the functional organs managing the sector to ensuring value to every Nigerian and we salute them for this as we are indeed up against uncertain times.
“However, we believe that full deregulation of the sector remains the most viable option for Nigeria to effectively navigate this period and ultimately safeguard the future of our economy and wellbeing of 200 million Nigerians” she said.
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According to Akpani, deregulation will open up the sector for fresh investments, market deepening, diversification, and expansion, culminating in stable demand and supply regimes which are critical to ensuring that consumers have uninterrupted access to affordable quality products without the huge financial burden currently borne by the government.
By Chibisi Ohakah, Abuja