28 February 2016, Abuja – The National Operations Controller of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Mr. Mike Osatuyi, has asked the Federal Government to discontinue the policy of allowing only the Nigerian National Petroleum Corporation (NNPC) to import fuel, saying by doing so, government would be encouraging a monopoly in the system.
In an interview in Abuja, Osatuyi said allowing only the NNPC to import the products would breed corruption and reverse the 30-year gains in the sector.
“The decision of government to give NNPC 80 to 90 % window the right to import or license to import, will create a monopoly and breed corruption and that also has the potential of reversing the fortunes of the industry by 30 years from where we are coming from. So, government should make this officially open to all players. There is no way the NNPC can supply all the market needs, because they don’t have the structures”, he said.
He said rather than allow only the NNPC to import fuel, government as a regulator should put in place systems that would deal with those who want to subvert the system.