The Independent Petroleum Marketers Association of Nigeria (IPMAN), has commended the Federal Government for approving importation of petroleum products by private firms.
Mr Chinedu Anyaso, Chairman of IPMAN Enugu Depot Community, in charge of Anambra, Ebonyi and Enugu States, said this while reacting to the development in Awka on Sunday.
“We put the regulation in place, we make sure quality control is complied with, we make sure the product is there and we give licence to any prospective importer. Anyaso said this was a positive development and appropriate responses to the demands of marketers and Nigerian masses who had condemned the monopolistic grip of NNPCL on the oil and gas sector for decades.
“I am happy that the same NMDPRA also announced that approval has been given to private importers. This is how it should be in a deregulated Industry. He said the four existing refineries should be repaired to produce at optimal capacity while licences are issued to more people who could build modular refineries.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zamfara governor Dauda Lawal denies declaring N9trillion assets | The Guardian Nigeria News - Nigeria and World NewsThe governor of Zamfara State, Dauda Lawal, has denied a report that claims he declared 9 trillion naira in cash, investment and property assets. Lawal, who was sworn in on Monday, May 29th spoke on Thursday during an interview with the Radio France International (RFI) Hausa. According to Lawal, the people of Zamfara State will […]
Read more »
Heavy security presence in Senegal after deadly clashes | The Guardian Nigeria News - Nigeria and World NewsSenegalese authorities on Friday deployed security forces around the capital Dakar, a day after an outburst of violence left nine people dead following the conviction of opposition politician Ousmane Sonko.
Read more »
Court upholds suspension of Ayu as PDP chairman | The Guardian Nigeria News - Nigeria and World NewsA Benue State High Court has upheld the suspension of former National Chairman of the Peoples Democratic Party (PDP), Iyorchia Ayu. In March, Ayu was suspended by his Nyorov council ward exco members due to failure to pay dues, abruptly ending his reign as National Chairman of PDP. Ayu was accused by the ward exco […]
Read more »
Subsidy removal: NLC declares nationwide strike Wednesday | The Guardian Nigeria News - Nigeria and World NewsThe Nigeria Labour Congess (NLC) has declared a nationwide strike from next Wednesday. NLC President Joe Ajaero made the announcement after an emergency meeting of the union’s National Executive Council (NEC) in Abuja. The congress said it took the decision due to the fuel shortages across the country, following President Bola Tinubu’s inaugural speech in […]
Read more »
Lagos warns against panic buying, hoarding of fuel | The Guardian Nigeria News - Nigeria and World NewsFollowing the recent increase in the price of Petroleum Motor Spirit (PMS), known as petrol, as a result of the removal of subsidy, Lagos State government on Friday advised residents of the State against panic buying and hoarding of fuel. In a statement, the Lagos State Government also urged residents to stop patronising black marketers, […]
Read more »
Firm tasks CBN on preference, priority for manufacturers | The Guardian Nigeria News - Nigeria and World NewsGroup Managing Director (GMD), Chemstar Paints Industry Nig. Limited, manufacturer of Finecoat and Shield Paints, Adedayo Paseda, has appealed to the Central Bank of Nigeria (CBN) to give more preference and priority to manufacturers...
Read more »