Nigeria to use new procedures before issuing petroleum export permit
The guidelines will come into force starting second quarter of 2012, an official has said.
According to the Vanguard news report February 27, 2012, Permanent Secretary at Nigeria’s Ministry of Trade and Investment, Mr. Dauda Kigbu who disclosed this at a stakeholders meeting on the review of the procedure for issuance of the permit in Abuja, said the move became necessary after due assessment of the current procedures, in which the ministry observed quite a number of anomalies, resulting in avoidable delays through bureaucratic bottlenecks and willful abuse of due process.
Products that can be exported include liquefied natural gas, liquefied petroleum gas, condensate, refined products, lubricants and greases, the report said.
By Ekow Quandzie