FG licenses six firms to import petrol, Dangote excluded

FG licenses six firms to import petrol, Dangote excluded

The Federal Government has granted approval to six companies to import petroleum products.

Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, said this.

He also denied claims that the Nigerian National Petroleum Company Limited (NNPCL) had given approval to Dangote Group to import petroleum products.

The NMDPRA had earlier said three oil marketers would start importing petroleum products in July.

Briefing journalists after a meeting with President Bola Tinubu on Monday, Farouk Ahmed,the

Ahmed gave the updates while briefing journalists in Abuja after his meeting with President Bola Tinubu on Monday.

He said apart from the six firms, a number of companies had applied for permits.

He however did not give names of the approved companies .

“There are several companies that applied for fuel importation permit. So, you can apply for importation to get access to the port. And by the way, we are open to all those who are interested in importing,” he 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.”