TUE MAY 06 2025-theGBJournal| The Federal House of Representative, through a Bill sponsored by (Sagbama/Ekeremor Federal Constituency in Bayelsa State) on Tuesday, urged the NNPC Limited and Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to prioritize the off-take of locally refined petroleum products before resorting to importation.
The House cited a World Trade Organization (WTO) report which disclosed that Nigeria’s import levels surged by 80.65% between 2017 and 2023, with oil sector imports contributing 38.3% to total imports, underscoring the need for a decisive policy shift.
The House also urged President Bola Ahmed Tinubu to take decisive action to put an end to Nigeria’s fuel importation and promote olicies that will enhance local refining and national energy independence.
It also wants the Federal Government to immediately review all import licenses for petroleum products where local production can meet domestic demand.
House of Representatives Members consequently set up an Ad–hoc Committee to ascertain the inconsistencies in fuel supply data, the rationale behind continued fuel importation, and assess the economic and security implications of fuel importation, and report within four weeks for further legislative action.
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