Update on oil export license

Read this first.

New development:

The Federal Ministry of Commerce is pointing the finger of blame at the NNPC. The Minister of State in the Ministry of Commerce, Mr. Humphery Abbah, said the NNPC submitted the "large volume of documents" to his office Tuesday night. He says he got to work on it instantly.

Based on this timeline, the signing and approval process obviously could not be completed in a single night. Indeed, the license documents would still have to go to the Customs Service, and be distributed to all Customs offices nationwide.

But investigations by The Guardian reveal the license documents left the NNPC on the 13th of February, some six and a half weeks ago.

So it was not really the NNPC's fault.

The documents have spent the last seven weeks, slowly, slowly, slowly working their way up to the desk of the Minister for approval, after which they will slowly, slowly, slowly make it to Customs, and then slowly, slowly, slowly circulate around the Customs' many offices.

Gee.

I guess that explains why we lost 100s of millions of dollars yesterday.

It is nice to know that the most strategically important export of our federal republic is handled in such an efficient and expeditious manner.