Pres. Buhari Goes Hard On Fuel Importers

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Rumours have started to gather steam that President Muhammadu Buhari is punishing fuel importers in a drastic move to block leakages in the oil and gas sector.

According to Nigerian Tribune, the federal government of Nigeria has reduced the number of fuel importers into the country from 43 to 29 for the third quarter.

It would be recalled, 43 marketers were initially given import licenses and allocation, but the significant reduction to about 29, including the Nigerian National Petroleum corporation (NNPC), could be seen as a way of blocking leakages in the oil and gas sector by the government.

Some of the companies granted import allocations include NNPC, NIPCO Plc, Oando Plc, Conoil, Mobil Oil, Masters Energy, Techno Oil and Folawiyo Oil and Gas, Total Nigeria Plc and Mobil Oil Plc.

Efforts by the president to overhaul the NNPC had earlier caused tension among those believed to have been looting the organisation.



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