…By Larry John for TDPel Media.
This significant milestone marks a shift from the Nigerian National Petroleum Company (NNPC) Limited being the sole importer of petrol.
Although Emadeb has successfully imported 27 million litres of Premium Motor Spirit (PMS), Olujimi stressed the importance of reviving local refineries as a sustainable solution for the country’s fuel needs.
NMDPRA’s objective is to guarantee a stable supply of petrol by issuing licenses for importation and encouraging the establishment of refining companies in the downstream sector.
By embracing market opening and diversification, Nigeria aims to secure a stable and self-reliant energy supply.