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Reps Oppose Dollar Charges On Local Petroleum Products
['Enioluwa Adeniyi', 'Author']
Naija News
The lawmaker also criticised the continued collection of port charges in foreign currency for petroleum products refined and transported within Nigeria, describing the practice as harmful to the economy.
We cannot continue importing the same volume of petroleum products as before, given that more refineries are coming on stream.
DAPPMAN also criticised what it described as multiple port charges and the continued invoicing of domestic petroleum transactions in foreign currency despite an existing presidential directive against the practice.
“Before now, we depended almost entirely on imported petroleum products.
Multinational companies should invest in domestic refineries to complement the existing capacity rather than relying solely on imports,” he added.