Stakeholders in the downstream sector have tabled their demands to the Federal Government requesting foreign exchange at the Central Bank of Nigeria, CBN rate to enable swift and easier importation of petroleum products into the country.
The marketers made this appeal during an online workshop with the theme “Deregulation of the Nigerian downstream sector: The day after,” which was organised by the Nigerian Petroleum Downstream Industry in partnership with the African Refiners and Distributors Association in Lagos.
According to a statement from the National President, of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Chinedu Okoronkwo, who was represented by the National Operations Controller, IPMAN, Mike Osatuyi, the effects of the planned removal of petroleum subsidy would be greatly cushioned if the FG encouraged the CBN to provide forex to marketers at the official rate.