The Federal Government has announced its decision to shut down unlicensed petroleum product dealers starting from June 1, 2023. In a stakeholders' engagement on gas utilization in Nigeria, the Nigerian Midstream and Downstream Petroleum Regulatory Authority warned that no unlicensed petroleum product dealer would be permitted to load products from June 1, 2023.
Any depot or licensed operator who supplies petroleum products to an unlicensed facility will be shut down. The authority's Executive Director, Distribution Systems, Storage, and Retailing Infrastructure, Ogbugo Ukoha, emphasized that anyone wishing to transact in petroleum products must obtain a license, and no license, no loading of any petroleum product.
The authority's Chief Executive Officer, Farouk Ahmed, explained that various initiatives and policy frameworks, including the National Gas Expansion Programme and the Decade of Gas Programme, had been put in place to deepen the use of gas in Nigeria.
The government encourages operators to take advantage of the opportunities in the gas value chain, including Liquefied Natural Gas, Liquefied Petroleum Gas, Compressed Natural Gas, Autogas, propane and butane, to hedge against future global uncertainties that could arise from the supply of petrol and diesel.
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