{"id":921,"date":"2026-05-24T19:26:59","date_gmt":"2026-05-24T16:26:59","guid":{"rendered":"https:\/\/zalebs.com\/news\/cppe-slams-new-petrol-import-licenses-urges-full-reliance-on-dangote-refinery\/"},"modified":"2026-05-24T19:26:59","modified_gmt":"2026-05-24T16:26:59","slug":"cppe-slams-new-petrol-import-licenses-urges-full-reliance-on-dangote-refinery","status":"publish","type":"post","link":"https:\/\/zalebs.com\/news\/cppe-slams-new-petrol-import-licenses-urges-full-reliance-on-dangote-refinery\/","title":{"rendered":"CPPE Slams New Petrol Import Licenses, Urges Full Reliance on Dangote Refinery"},"content":{"rendered":"<p>The Central for the Promotion of Private Enterprise (CPPE) has criticised the Nigerian government for issuing new petrol import licences to fuel marketers, arguing the decision contradicts the country\u2019s stated push to rely more on local refining capacity\u2014particularly that of Dangote Refinery, which it says can cover domestic demand.<\/p>\n<h2>Key takeaways<\/h2>\n<ul>\n<li>CPPE condemned Nigeria\u2019s fresh issuance of petrol import licences to petroleum marketers.<\/li>\n<li>CPPE said Dangote Refinery\u2019s output capacity is sufficient to meet Nigeria\u2019s domestic consumption needs.<\/li>\n<li>The CPPE chief executive made the remarks in a statement made on Sunday.<\/li>\n<li>CPPE argued that prosperity is driven by production, refining, manufacturing, and stronger domestic value creation.<\/li>\n<li>The group rejected claims that Dangote Refinery poses a monopoly threat.<\/li>\n<li>CPPE warned that undermining major industrial investment could deter both local and foreign investors.<\/li>\n<\/ul>\n<h2>Licence renewals draw criticism<\/h2>\n<p>CPPE said the Nigerian government\u2019s move comes despite the existence of refining capacity that, in the group\u2019s view, should reduce the need for importing petrol. The organisation\u2019s chief executive officer raised the concern in a Sunday statement, targeting the government\u2019s decision to issue additional import permissions to petroleum marketers.<\/p>\n<p>The criticism follows the recent action by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, which granted petrol import licences to petroleum marketers. CPPE framed the step as unnecessary and economically inconsistent, given the country\u2019s refining position.<\/p>\n<h2>Legal dispute and opposition from NNPCL<\/h2>\n<p>CPPE\u2019s remarks also sit against a backdrop of litigation involving Dangote Refinery. Dangote Refinery had turned to the courts, citing the country\u2019s Petroleum Industry Act, after the government proceeded with the issuance of petrol import licences.<\/p>\n<p>Separate reporting indicated that the Nigerian National Petroleum Company Limited challenged the refinery\u2019s case tied to the new import licences. The dispute centres on a refinery capacity figure of 650,000 barrels per day, with NNPCL reportedly resisting the challenge.<\/p>\n<p>Industrial stakeholders have reacted to the developments, with CPPE saying the actions have drawn pushback, particularly directed at NNPCL and the regulator, NMDPRA.<\/p>\n<h2>CPPE argues against \u201cimportation-first\u201d policy<\/h2>\n<p>In its response, CPPE argued that importing fuel is not a foundation for national prosperity. The group said attempts to characterise Dangote Refinery as a monopolistic threat are both flawed and unfair.<\/p>\n<p>CPPE added that successful economies are built on domestic production and the full chain of industrial activity\u2014refining, manufacturing, and value addition\u2014alongside efforts to strengthen local productive capacity.<\/p>\n<p>\u201cAttempts to portray Dangote Refinery as a monopolistic threat are simplistic, fundamentally flawed and grossly unfair,\u201d CPPE said. The group also cautioned Nigeria against discouraging investment, saying the country should not \u201cdemonise\u201d what it described as audacious investment, industrial courage, scale, and risk-taking.<\/p>\n<p>CPPE further warned that a government stance that undermines transformative industrial investment sends \u201cdeeply troubling signals\u201d to both domestic and international investors, potentially affecting future capital flows into the sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central for the Promotion of Private Enterprise (CPPE) has criticised the Nigerian government for issuing new petrol import licences to fuel marketers, arguing the decision contradicts the country\u2019s stated push to rely more on local refining capacity\u2014particularly that of Dangote Refinery, which it says can cover domestic demand. Key takeaways CPPE condemned Nigeria\u2019s fresh [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_title":"CPPE Warns Nigeria Against Petrol Import Licences","_yoast_wpseo_metadesc":"CPPE criticises Nigeria\u2019s new petrol import licences, arguing they undermine plans to rely on Dangote Refinery and could deepen fu","mma_seo_breadcrumb_text":"","mma_seo_breadcrumb_url":"","mma_seo_breadcrumb_hide_ui":"","mma_seo_breadcrumb_labels":[],"footnotes":""},"categories":[5],"tags":[],"class_list":["post-921","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CPPE Warns Nigeria Against Petrol Import Licences<\/title>\n<meta name=\"description\" content=\"CPPE criticises 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