Nigeria to stop importation of Petrol by 2023

Aisha John-Mark with agency report

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The Nigerian Government has said it will stop the importation of petrol into the country by 2023.

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari made this known during the signing ceremony of the Condensate refinery strategy programme Front End Engineering Design, the strategy is expected to eliminate the importation of petroleum products importation in Nigeria.

 

Mr 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.

In 2017, the Federal Government planned to stop the importation of fuel by 2019 with the approval of a new National Oil Policy by the Federal Executive Council.