• We spend $1.8bn to import fuel every quarter – NNPC

    We spend $1.8bn to import fuel every quarter – NNPC

    The Nigeria National Petroleum Corporation said on Wednesday it spends $1.8 billion in 90 days to import fuel.

    The Group Executive Director Upstream of NNPC, Bello Rabiu, stated this while addressing State House Correspondents.

    According to Rabiu, the organisation spends between $16 million and $20 million on imports daily, totaling about $1.8 billion per quarter.

    Rabiu was reacting to the inability of the nation’s refineries to provide the local needs of consumers.

    He said the organization had to rely on importation to satisfy local […]