FG To Shut Down Unlicensed Fuel Marketers

The Federal Government, on Monday, vowed to shut down unlicensed petroleum product companies and that the dealers would not be allowed to load products from June 1, 2023.

The government declared that from June 1, 2023, anyone who wants to deal on petroleum products must obtain a licence.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority gave the warning at a stakeholders’ engagement on gas utilisation in Nigeria,saying, that “no licence, no loading of any petroleum product.”

the Executive Director, Distribution Systems, Storage and Retailing Infrastructure, NMDPRA, Ogbugo Ukoha, stated “no licence, no loading. We still have like nine days to do the right thing and comply. As the scripture says, obedience is better than sacrifice. As a regulator we prefer that people comply so that it doesn’t have adverse effects on your businesses.

“If there is no compliance, we can assure you from the authority that from 1st of June, there will be no licence, no loading. Any depot, any licensed operator who supplies petroleum products to an unlicensed facility, we will shut down that operator.

“I want to make a special appeal that anybody who wants to handle petroleum products in excess of 500-litre storage, is required to obtain a licence. Our licensing procedure includes going through what your equipment is, the distance, hazards, procedures and everything.”

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