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Exporters must apply for NXP forms via the government’s Trade Monitoring System portal (Screenshot: TRMS)
The NNPC also denied allegations that it had disregard the allegations and has dubbed the
appointed Pre-Shipment Inspection Agents audit report as a “malicious publication.”
(PIAs) and a Monitoring and Evaluation Agent The NNPC is Nigeria’s state-owned oil corpo-
(MEA) in 2017, contrary to an order issued by ration, headquartered in Abuja. It was founded
President Muhammadu Buhari in 2015. in 1977 and is responsible for the management
The NNPC has called on the public to of the country’s vast oil and gas resources. ™

TUC criticises Nigeria for inability

to add value to crude oil production

NIGERIA THE Trade Union Congress of Nigeria (TUC) Guardian writes.
has expressed disappointment over the coun- In addition, the TUC president called for
try’s inability to verify daily oil production or petroleum products to be made available at offi-
add value to the sector, describing it as a “tragic cial prices in fuel stations, in order to end the
situation,” The Guardian (Nigeria) has reported. practice of selling fuel in jerry cans on the streets
In his New Year message, TUC President and in residential areas.
Festus Osifo also criticized the practice of flaring According to the government, Nigeria regu-
associated gas, which damages the environment larly loses around 400,000 barrels per day (bpd)
and wastes money while the rural population of oil to theft and loses billions of dollars in rev-
relies on firewood for cooking. enues as a result. The lack of oil receipts is a large
Flaring is the process of burning excess asso- contributor to the country’s forex crisis. ™
ciated gas that is produced alongside oil dur-
ing the extraction process. It is often done to
release pressure in oil wells, reduce the volume
of gas that needs to be transported, and burn off
impurities.
According to Osifo, the government has
consistently failed to improve the oil sector,
despite 65 years of experience. In particular,
he announced that the TUC is against calls by
politicians to continue importing petroleum
products at high costs while also campaigning
against fuel subsidies.
Osifo claimed that officials who truly care
about Nigerians would prioritise the coun-
try’s return to local refining, creating jobs and
making products cheap and accessible, before
considering the removal of fuel subsidies, The The TUC head was also strongly critical of the practice of gas flaring (Photo: GGFR)

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