• We can no longer afford $225m to import fuel, says Osinbajo

    We can no longer afford $225m to import fuel, says Osinbajo

    Vice President Yemi Osinbajo has joined the race to convince Nigerians why fuel subsidy was removed.

    Ac­cording to him, with oil earnings dip­ping to $550 million in April, the nation could no longer afford $225million re­quired for fuel importation alone.

    Osinbajo in his letter to Nigerians titled “The Fuel Pricing Debate: Our Story”, he reiterated that the NNPC had borne the sole burden of importing fuel following private marketers refus­al to do so.

    He explained that besides the short term depletion of the […]