Nigeria ‘imported N20.2tr fuel in five years’

Farouk Ahmed, Executive Secretary, PPPRA

Farouk Ahmed, Executive Secretary, PPPRA

01 February 2016, Abuja – Nigeria spent N20.2 trillion to import petrol, diesel and kerosene between January 2010 and September 2015, the Nigerian Bureau of Statistics (NBS) has said.

Figures jointly compiled by both the NBS and the Petroleum Products Pricing Regulatory Agency (PPPRA) released at the weekend indicate that N12, 529, 746, 397, 978. 48 was spent on the importation of 102,374,588,480.91 litres of petrol (Premium Motor Spirit).

An amount of N6,450,576,065,479.43 was spent to import 16,679,065,103 litres of diesel (Automotive and Gas Oil).

Between January 2012 and September 2015, N1,271,500,290,241 was spent on the importation of 9,448,409,070 litres of kerosene.

 

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