L
LequteMan
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The Nigerian government is making moves to ensure only the NNPC is responsible for the procurement of fuel in the country, CBN governor, Godwin Emefiele has said.
Members of the Major Oil Marketers Association of Nigeria (MOMAN) have been on a running battle with the Federal Government over subsidy claims running into several millions of dollars.
Speaking in an interview with Financial Times of London, the CBN chief said: “The President came on board and said that we will work very hard to reduce importation of petroleum products by ensuring that our refineries work. Our refineries are working now.
“The Warri and Port Harcourt refineries have started producing. They have not obtained the optimal capacity but they will. The Kaduna refinery will start working this month.
“Now, there are other actions that the Presidency is putting in place to ensure that we reduce importation of petroleum products where the NNPC will solely, almost solely be responsible for procuring refined petroleum.
”Those who are importing petroleum products will only just need to go to the NNPC and pick up petroleum products.
“So, in that area, I would say that we are already moving in the direction of reducing the import of petroleum products. And we will achieve it.”
Members of the Major Oil Marketers Association of Nigeria (MOMAN) have been on a running battle with the Federal Government over subsidy claims running into several millions of dollars.
Speaking in an interview with Financial Times of London, the CBN chief said: “The President came on board and said that we will work very hard to reduce importation of petroleum products by ensuring that our refineries work. Our refineries are working now.
“The Warri and Port Harcourt refineries have started producing. They have not obtained the optimal capacity but they will. The Kaduna refinery will start working this month.
“Now, there are other actions that the Presidency is putting in place to ensure that we reduce importation of petroleum products where the NNPC will solely, almost solely be responsible for procuring refined petroleum.
”Those who are importing petroleum products will only just need to go to the NNPC and pick up petroleum products.
“So, in that area, I would say that we are already moving in the direction of reducing the import of petroleum products. And we will achieve it.”
