The Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has disclosed that the Federal Government was doing everything possible to make sure only the Nigerian National Petroleum Corporation, NNPC, imports petroleum products into the country.

Emefiele said President Muhammadu Buhari has directed the NNPC to cut down on importation by reactivating the four refineries and ensuring they function at installed capacities.

The CBN Governor stated this in an interview with Financial Times of London.

Emefiele said: “The President came on board and said that we will work very hard to reduce importation of petroleum products by ensuring that our refineries work. Our refineries are working now.

“The Warri and Port Harcourt refineries have started producing. They have not obtained the optimal capacity but they will. The Kaduna refinery will start working this month.

“Now, there are other actions that the Presidency is putting in place to ensure that we reduce importation of petroleum products where the NNPC will solely, almost solely be responsible for procuring refined petroleum.

”Those who are importing petroleum products will only just need to go to the NNPC and pick up petroleum products.

“So, in that area, I would say that we are already moving in the direction of reducing the import of petroleum products. And we will achieve it.”

http://www.360nobs.com/2015/08/fg-to-make-nnpc-sole-distributor-of-petroleum-products/

Welcome development.

5000 "Likes" for our cluefull president.

K

Very good news.

I wish PMB won in his first attempt when he contested as Nigerian president but....

We have started to see light at the end of the tunnel after a long long night.

God bless PMB

hello scarcity ,hoarding and what have you

d cabal will nt like dis, dey've bn showing deir anger n d form of unannounced visitation to d villa, nw dey will draw d battle line

PMB doing the right thing since May 29th, 2015, Nigerians we not regret voting u. Unlike the clueless drunkard from Otuoke. God bless Nigeria, God bless PMB/PYO.

This move will checkmate fuel scarcity and hoarding.

A times when u see people still remaining obstinately stupid to hate this man, u wonder if they truly want Nigeria to be great again. Anything good, I embrace it and this is a good development. I just pray to God to keep PMB hale and hearty for us to rip the benefit of a true patriotic Nigerian man in Buhari. Am proud to have voted for this true patriot. Click like if u are as proud or even prouder.