Dangote Calls for Ban on Fuel Imports as Marketers Oppose Move
Dangote says imported fuel undermines local refiners, while IPMAN warns a ban would destabilise supply and damage the sector.
Industrialist Aliko Dangote has urged the Federal Government to add refined petroleum products to the list of banned imports under the ‘Nigeria First’ policy to protect local refining.
Speaking at a recent event, Dangote warned that continued fuel importation is harming local investors and weakening confidence in the energy sector.
However, petroleum marketers are opposing the move. The Independent Petroleum Marketers Association of Nigeria (IPMAN) said banning fuel imports would hurt the sector and create supply problems. The group called on the government to avoid making decisions that could destabilize the already fragile fuel supply chain.
The ‘Nigeria First’ policy currently restricts government agencies from importing goods that can be produced locally.
Enjoyed this? Get the morning brief.
News from Nigeria and Africa, in one free email every day.
