BY NGOZI ONYEAKUSI

In a bid to avoid  supply chain disruptions, the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROA) has warned the Federal Government against implementing a blanket ban on imported goods, specifically petroleum products.

 

PETROAN sounded the warning follows the Federal Government’s recent policy move to restrict the importation of foreign goods. National President of PETROAN, Mr. Billy Gillis-Harry, expressed concerns that the policy could worsen Nigerian inflation and emphasised the need for energy security. “Our primary concern is the availability and affordability of petroleum products in Nigeria to meet the daily consumption volume of over 46 million litres of petrol and other petroleum products. We must ensure that our policies do not compromise energy security, as this could have far-reaching consequences for the economy and the wellbeing of Nigerians,”. The association further called for increased investment in local refining infrastructure and support for domestic industries to enhance their competitiveness. He added that by applying wisdom and caution, PETROAN believes that the government can achieve its objectives while minimising potential disruptions to the economy.