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The Federal Authorities, on Monday, introduced that no unlicensed petroleum product vendor could be allowed to load merchandise from June 1, 2023, because it vowed to close down such companies starting from that day.
It warned that from June 1, 2023, anybody who needs to deal on petroleum merchandise should get hold of a licence, stressing that “no licence, no loading of any petroleum product.”
The federal government gave the warning in Abuja by means of the Nigerian Midstream and Downstream Petroleum Regulatory Authority at a stakeholders’ engagement on gasoline utilisation in Nigeria.
The target of the engagement was to enlighten operators on the necessity to urgently get hold of the requisite petroleum storage licence and to engender the transition from white merchandise to gasoline.
“No licence, no loading. We nonetheless have like 9 days to do the proper factor and comply. Because the scripture says, obedience is best than sacrifice. As a regulator we want that individuals comply in order that it doesn’t have hostile results in your companies.
“If there is no such thing as a compliance, we will guarantee you from the authority that from 1st of June, there might be no licence, no loading. Any depot, any licensed operator who provides petroleum merchandise to an unlicensed facility, we are going to shut down that operator,” the Govt Director, Distribution Programs, Storage and Retailing Infrastructure, NMDPRA, Ogbugo Ukoha, said.
He added, “I need to make a particular attraction that anyone who needs to deal with petroleum merchandise in extra of 500-litre storage, is required to acquire a licence. Our licensing process consists of going by means of what your tools is, the gap, hazards, procedures and all the things.”
Ukoha inspired the operators to additionally benefit from the evolving alternatives within the gasoline worth chain, by positioning their power must embrace gasoline derivatives.
He outlined the derivatives to incorporate Liquefied Pure Gasoline, Liquefied Petroleum Gasoline, Compressed Pure Gasoline, Autogas, propane and butane, including that investing in these would assist hedge in opposition to future international uncertainties that might come up from the availability of petrol and diesel.
Okoha stated the authority’s 12 gazetted laws had outlined the licensing regime, procedures and requirements for dealing with petroleum merchandise, which when breached posed elevated dangers.
Earlier, the authority’s Chief Govt Officer, Farouk Ahmed, stated the Federal Authorities had put in place varied initiatives and coverage frameworks together with the Nationwide Gasoline Enlargement Programme and the Decade of Gasoline Programme to deepen the usage of gasoline in Nigeria.
“It’s our hope that this engagement will create the required consciousness and make the compelling case for trade operators to foster a compliance tradition, which alone ensures safer and sustainable amenities,” Faouk, who was represented by the Govt Director, Well being, Security, Setting and Neighborhood, NMDPRA, Mustapha Lamorde, said.
He defined that the Midstream and Downstream Gasoline Infrastructure Fund, as contained within the Petroleum Trade Act 2021, would catalyse gasoline investments, including that efforts being made in gasoline enlargement had been presently yielding outcomes, although extra collaborations had been wanted to enhance home gasoline utilisation.
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