Petroleum Regulatory ,Break NNPC's Monopoly

Nigeria’s Petroleum Regulatory Authority Begins Licensing New Oil Marketers to Break NNPC’s Monopoly

Ensuring Fair Practices Mr. Farouk Ahmed, Chief Executive of the NMDPRA, emphasized the regulator’s commitment to preventing exploitation of Nigerians by downstream businessmen, even in a deregulated market. As the NNPC gradually reduces its importation activities to comply with the Federal Competition and Consumer Protection Council (FCCPC) regulation, which limits market control to 30%, there is a need to fill the resulting gap with new importers.

 

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