The Federal Government on Wednesday disclosed that Nigeria’s petrol consumption has dropped to 50 million litres per day with local refineries supplying half of the daily requirements. The government said the other half is being sourced through importation. It clarified that none of the companies involved in domestic refining was involved in the importation. Speaking to journalists after a stakeholders …

The National Bureau of Statistics (NBS) has stated that Nigeria recorded a reduction in petrol importation following the removal of fuel subsidy by President Bola Tinubu in May 2023. It also said the total of fuel imports reduced to 20.30 billion litres in 2023 from the 23.54 billion litres recorded in 2022, showing a decrease of 13.77 per cent year-on-year. …

Human rights lawyer Femi Falana says the “importation scam” around petrol must be investigated. “It is high time the importation scam was investigated”, he said on Channels Television’s Sunday Politics programme. “I am not talking of the joke that is going on in the National Assembly. The media must help, civil society organisations must help to expose the fraud”. There …

The Minister of Information and National Orientation, Mallam Mohammed Idris, on Wednesday, said petrol importation in the country reduced by 50 per cent since the withdrawal of the fuel subsidy. Idris said this at the third edition of the ministerial press briefing series, where the Coordinating Minister for Health and Social Welfare, Prof. Muhammad Ali Pate addressed journalists in Abuja. …