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Business Nigeria: US Dollar Now Available for Petrol Importation - IPMAN



The Independent Petroleum Marketers Association of Nigeria, IPMAN, on Tuesday announced that its members have been granted Forex access to import petroleum products.

“So many of our members are bringing in product, which means they have accessed FOREX. But the complaint is that the FOREX is not forth coming as it were," National Secretary of IPMAN, Alhaji Hassan Kirmi said.

“There are enough products at almost all the tank farms in Lagos, Port-Harcourt and Warri. Nigerian National Petroleum Corporation, NNPC had on Friday structured the distribution chain into six geo-political zones that distribute petrol across the country and they are very effective.

“Our members are importing from Warri, Port-Harcourt, Lagos, Calabar. There is much product coming into the country, we have over 20 vessels on ground and refineries are producing.

“Also, we have presented our case to the government on the issue with the landing cost. That is why they are contemplating of bringing in subsidy.

With this development, marketers would be able to import and distribute petrol into the country, which will in turn spell an end to the frustrating queues seen at fuel stations across the country.



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