FG Approves 720,000MT Petrol Imports Amid Dangote Refinery Debate

Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has licensed six marketers to import a total of 720,000 metric tonnes of petrol. NIPCO will bring in 120,000MT; AA Rano and Matrix, 150,000MT each; Shafa and Pinnacle, 120,000MT each; and Bono, 60,000MT. The move has reignited questions over the Dangote Refinery’s claimed ability to meet more than 90% of daily fuel needs. An NMDPRA official, speaking anonymously, stressed that there was never an embargo on imports and that “local refining and imported fuel must work together to guarantee stable supply.” Dangote Group insists import licences continue to be issued and warns that unchecked imports could discourage local refining investment. Sources say the company may explore exporting refined products if current policies persist. Rehabilitation of the Port Harcourt and Warri refineries, alongside Dangote’s operations, remains central to government plans for strengthening energy security and reducing import dependence.

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.