Nigeria to End Petrol Importation by 2023
The Federal Government has said that it will stop the importation of petrol into the Nigeria by the year 2023. This was said by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, while signing the Condensate refinery strategy programme Front End Engineering Design, which is expected to deliver 20 million litres of Petrol when it’s completed.
Mr Kyari further explained that President Muhammadu Buhari is concerned that as an oil-producing country, Nigeria is one of the highest importers of petrol in the world.
The Federal Government, in 2017 planned to stop the importation of fuel by 2019 with the approval of a new National Oil Policy by the Federal Executive Council.
Nigeria, an oil-producing country has been heavily dependent on the importation of petroleum products since its four major oil refineries have been under-utilized.