Reports say Nigeria’s President Muhammadu Buhari has moved to punish fuel importers in a drastic move to block leakages in the oil and gas sector.

The Nigerian Bulletin reports with reference to Nigerian Tribune that the federal government of Nigeria has reduced the number of fuel importers into the country from 43 to 29 for the third quarter.

This follows President Buhari’s approval of the Petroleum Products Pricing Regulatory Agency (PPPRA).

Forty-three marketers were previously given import licenses and allocation, but the significant reduction to about 29, including the Nigerian National Petroleum corporation (NNPC), could be seen as a way of blocking leakages in the oil and gas sector by the government.

Some of the companies granted import allocations include NNPC, NIPCO Plc, Oando Plc, Conoil, Mobil Oil, Masters Energy, Techno Oil and Folawiyo Oil and Gas, Total Nigeria Plc and Mobil Oil Plc.Recall that moves by the president to overhaul the NNPC had earlier caused tension among those believed to have been looting the organisation.

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