Dangote Refinery: Publish petrol supply gap before granting import licences- Economist tells NMDPRA
Popular economist and financial analyst, Muda Yusuf, has urged the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA to publish the country’s fuel supply gap before granting import licences to petroleum marketers, in a move he said would help revive Dangote Refinery. Yusuf disclosed this in a statement at the weekend amid a 43.3 percent rise in […] Dangote Refinery: Publish…
Economist Muda Yusuf has urged the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to publish the country's fuel supply gap before granting import licences to petroleum marketers. Yusuf argues that this would help revive Dangote Refinery, which has blamed the persistent issuance of petrol import licences by NMDPRA for the 43.3 percent rise in Nigeria's fuel imports.
Yusuf suggests that regulatory discretion should be exercised transparently, predictably, and consistently with the country's domestic-refining and industrialisation objectives, and that NMDPRA should publish a product-by-product supply-gap determination before approving material import volumes.
Brief written by urgent.news from Daily Post Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
