The Nigerian government is to allow any private-sector firm in the country to import gasoline, as it attempts to overcome acute domestic shortages, at the same time as it eases subsidies for the fuel. Only state-owned NNPC and approved importers were previously allowed to import gasoline. But approved private-sector importers have struggled to import gasoline since last year, as the government’s financial constraints have left it unable to recompense them for subsidised sales, while NNPC has struggled to secure sufficient foreign exchange to import enough of the fuel to make up for the shortfall.
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