The Federal Government has announced plans to make the foreign exchange available to petroleum product marketers, in order to make the importation of petrol into the country competitive, reduce the rising cost of the product, and stop the overdependence on the Nigerian National Petroleum Corporation (NNPC) for its importation.

According to a report from Punch, this disclosure was made by the National President of Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Okonkwo, during a chat with newsmen on Monday, November 17, 2020, after the oil marketers had met with officials of the Federal Ministry of Finance last week on the need to make the foreign exchange available for petrol imports.