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NNPC to open retail outlet in Niger Republic

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Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari says Nigeria is in talks with the Government of Niger Republic to establish a retail outlet in the neighbouring country.

Kyari made this known at the 2022 to 2024 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) public hearing by the House of Representatives Committee on Finance

According to him, the decision is one of many geared towards curbing smuggling of petroleum products across Nigeria’s land borders.

The GMD argued that the national fuel consumption per day may not be above 60 million litres as being speculated, noting that anytime NNPC supplies less than that, there would be a problem.

He also said that President Muhammadu Buhari had personally directed him to take the step that would curtail cross-border smuggling, while also admitting the challenges posed by land borders aids activities of smugglers.

The GMD said that those who took crude oil across the border would not sell at the official price.

Kyari said that there was an ongoing initiative to electronically monitor petrol distribution across the country. He said an electronic monitor would be put on tanks and fuel stations to monitor them.

 
 
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