NNPC to be sole importers of petroleum products soon

chika ebuzor

August 11, 2015 4:46 AM

He also said that the CBN will do its best to help the federal Government in its drive to recover all stolen funds.

According to the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, the government is working hard to reduce importation of petroleum products.

Read CBN denies rice, cement importers access to forex

Emefiele said “Now, there are other actions that the presidency is putting in place to ensure that we reduce importation of petroleum products where the NNPC will solely, almost solely be responsible for procuring refined petroleum so those who are importing petroleum products will only just need to go to the NNPC and pick up petroleum products.”

Read Banks publish names of bad debtors

Adding that “The president came on board and said that we will work very hard to reduce importation of petroleum products by ensuring that our refineries work. Our refineries are working now. Warri and Port Harcourt have started producing, they have not obtained the optimal capacity but they will. Kaduna refinery will start working this month.”

Read 3 prominent Nigerians named in bad debtors’ list

chika ebuzor