FG to stop importation of petrol by 2023


The Federal Government has set a 2023 deadline to stop the importation of petrol into the country.

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, while signing the Condensate refinery strategy programme Front End Engineering Design said the strategy is expected to deliver 20 million litres of Petrol when it’s completed.

Kyari 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.

Ironically, Nigeria as an oil-producing country has been heavily dependent on the importation of petroleum products since its four major oil refineries have been under-utilized.

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