Subsidy: Nigerian govt reveals six companies certified to import fuel, clarifies situation with Dangote Refinery

3 Min Read

The Federal Government, on Monday, disclosed that six new companies have been given permission to import petroleum products into Nigeria as of Monday.

Managing director of the Nigeria Mainstream and Downstream Petroleum Regulatory Authority (NMDRA), Farouk Ahmed, disclosed this information to state reporters at the Presidential Villa.

Several enterprises requested for a permit to import petroleum in due time, according to Farouk, in addition to the six that were accepted.

Read Also: NNPCL says it’ll end fuel importation when Dangote Refinery kicks off

Additionally, Ahmed refuted claims that the Nigerian National Petroleum Corporation Limited (NNPCL) had authorised the Dangote Group to import petroleum, claiming that the company lacked the authority to do so.

The managing director further noted that there are several companies that applied for fuel importation permit and anyone can apply for importation to get access to the port as the authority is open to all those interested in importing.

Ahmed said, “There are six companies who said they want to import fuel in July. Of course, all the others may import in December in November, or anytime but those who expressed interest to bring in fuel in July there were six of them as of this morning.

“The beauty of it is that there are interests which means that they have been able to have access to foreign exchange in order to import.

“Now, as we go along, of course, we’ll be briefing you on the progress or the achievements so far, but the important thing is that NNPC has 30 days fuel sufficiency, so we do not anticipate any gap in supply or in distribution.”

Join the conversation


Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now

Share this Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *