Stakeholders, including energy experts, economists, and Nigerian workers, have raised alarm over the suspension of petrol imports by the Federal Government, urging urgent price regulation as Dangote Petroleum Refinery takes command of Nigeria’s N14.4tn petrol market, signaling a major shake-up in the nation’s energy sector.
On Wednesday, media reported that the Nigerian Midstream and Downstream Petroleum Regulatory Authority confirmed that it had not issued any import licence for petrol this year, saying that it was no longer needed because local production now meets national requirements.
Data from the NMDPRA, a Federal Government agency, showed that Dangote refinery accounted for about 92 per cent of Nigeria’s daily petrol supply in February, as the regulatory agency stopped the importation of petrol.