Nigeria's Minister of State for Petroleum urges NNPC to sell fuel above landing cost, involve private sector in pipeline maintenance, and increase production to combat smuggling and support local refining.

Nigeria's Minister of State for Petroleum, Senator Heineken Lokpobiri, blames NNPC's below-landing-cost fuel sales for fuel smuggling to neighboring countries. He suggests NNPC should sell imported fuel above the landing cost to combat smuggling and calls for private sector involvement in pipeline maintenance to address security issues. Lokpobiri also emphasizes the need for increased production to support local refining and ensure healthy competition among refineries.

August 28, 2024
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