Nigeria’s federal government has lifted the ban on imported petroleum products and issued six new fuel import licenses. The move aims to stabilize supply and reduce domestic fuel shortages.
The decision comes despite objections from the Dangote Refinery, which says current policies are limiting its ability to meet the country’s fuel needs. The refinery also pointed out inefficiencies in the naira-for-crude system, which affects its production capacity.
Industry sources say the government acted because of ongoing supply gaps and fluctuations in global oil prices, particularly amid tensions in the Middle East. Authorities believe allowing imports will reduce the impact of these disruptions and ensure fuel is available nationwide.
However, the policy has intensified tensions between regulators and the Dangote Refinery. Just days before the change, the company warned it might export all its refined products if more import licenses are issued. This could complicate Nigeria’s efforts to achieve energy self-sufficiency.
Energy analysts note that the government must balance support for local refineries with national energy security. While the Dangote Refinery is key to reducing Nigeria’s reliance on imported fuel, short-term supply concerns appear to have influenced the latest decision.
The coming weeks will be critical as stakeholders watch how this policy change affects fuel prices, supply stability, and the broader energy sector.
