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6 Companies Licensed To Import Petrol

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The Federal Government has announced that six new companies have been licensed to import petrol into Nigeria.

The Managing Director of the Nigeria Mainstream and Downstream Petroleum Regulatory Authority, NMDRA, Farouk Ahmed told reporters at the Presidential Villa.

Ahmed also clarified that several other companies have applied for permits to import petroleum products in the future.

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He, however, dismissed rumours that the Nigerian National Petroleum Company Limited (NNPCL) had approved Dangote Group to import petroleum products, stating that the NNPCL does not have the authority to grant such approval.

According to NMDRA’s MD, any interested party can apply for a fuel importation permit and gain access to the port, as the authority was open to all.

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.”

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