THE FEDERAL GOVERNMENT ON MONDAY, ANNOUNCED THAT NO UNLICENSED PETROLEUM PRODUCT DEALER WOULD BE ALLOWED TO LOAD PRODUCTS FROM JUNE 1, 2023 STATING THAT IT WILL SHUT DOWN SUCH BUSINESSES BEGINNING FROM THAT DAY. THE FG WARNED THAT FROM JUNE 1, 2023, ANYONE WHO WANTS TO DEAL ON PETROLEUM PRODUCTS MUST OBTAIN A LICENSE, STRESSING THAT “NO LICENSE, NO LOADING OF ANY PETROLEUM PRODUCT.” THE GOVERNMENT GAVE THE WARNING IN ABUJA THROUGH THE NIGERIAN MIDSTREAM AND DOWNSTREAM PETROLEUM REGULATORY AUTHORITY AT A STAKEHOLDERS’ ENGAGEMENT ON GAS UTILIZATION. THE OBJECTIVE OF THE ENGAGEMENT WAS TO ENLIGHTEN OPERATORS ON THE NEED TO URGENTLY OBTAIN THE REQUISITE PETROLEUM STORAGE LICENSE AND TO ENGENDER THE TRANSITION FROM WHITE PRODUCTS TO GAS.
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