Dangote Refinery: Cancel fresh petrol import licenses now — Tank Farm Owners to Nigerian govt

Members of the Jetties and Petroleum Tank Farms Owners of Nigeria person asked the Nigerian authorities to cancel the petrol import licenses precocious granted to marketers.

The Executive Secretary of the group, Mr Olayiwola Temitope, disclosed successful a connection on Tuesday. 

The radical dissociated itself from the projected suit to beryllium filed by the Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, challenging Dangote Refinery’s suit against the caller petrol import licenses granted to marketers by the Nigerian Midstream and Downstream Petroleum Regulatory Authority.

According to JETFON, the licenses are Nigeria’s system and anti-industrial growth.

They argued that continuously granting import permits undercuts home accumulation and devalues monolithic section investments similar the Dangote Refinery.

The Association further asserted that implicit reliance connected section refining capableness is the eventual way to existent economical independency and vigor security.

“Relying connected overseas refined products leaves the section system susceptible to outer proviso concatenation shocks, planetary logistics disruptions, and continuous overseas speech pressures that weaken the naira.”

“By prioritising section refineries, Nigeria tin physique a self-sustaining...