CPPE Fuel Import Concerns

The Centre for the Promotion of Private Enterprise reported a 207% increase in petrol imports from May to July 2026, raising concerns over the impact on domestic refining capacity and investment. The organization urged for more transparency in import approvals.

The Centre for the Promotion of Private Enterprise warns that rising fuel imports could harm Nigeria's local refining sector. Dr Muda Yusuf emphasizes the need for transparent import licensing tied to genuine supply shortfalls to protect domestic refiners and national interests.

The Centre for the Promotion of Private Enterprise urged the Nigerian Midstream and Downstream Petroleum Regulatory Authority to limit fuel imports to verified domestic supply shortfalls, emphasizing the need for a credible assessment of supply deficits to protect local refining