FG Approves six Companies to Import Petroleum Products

 

The Federal Government, has granted approval to six new companies for the importation of petroleum products into Nigeria.

The Managing Director of Nigeria Mainstream and Downstream Petroleum Regulatory Authority (NMDRA), Farouk Ahmed made this known on Monday, June 19, at the Presidential Villa.

Farouk stated that apart from the approved six, several companies applied for permit to import petroleum in due course.

Ahmed also debunked insinuation that the Nigerian National Petroleum Company Limited (NNPCL) had given approval to Dangote Group to import petroleum, saying that the company has no powers to give such approval.

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.”