Kyari: N3 4trn Needed to Subsidise 66m Litres Daily Consumption of Petrol per Annum – THISDAYLIVE thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
Anyone may smuggle trucks of petroleum products out of Nigeria with just N5million, according to an executive of the Nigerian National Petroleum Company Limited (NNPC). This information was provided on Monday by Umar Ajia, the Chief Financial Officer of NNPC Limited, who was testifying before a House of Representatives committee looking into fuel subsidies in Nigeria, Premium Times reports.
The NNPCL official said some West African and Central African countries have stopped importing petroleum products but depend solely on smuggled products from Nigeria.