Nigeria subsidises petrol consumption for other African countries

The massive petrol subsidy currently being reported by the Nigerian National Petroleum Corporation (NNPC), may be a reflection of petrol consumption not only by Nigerians, but also those used by neighbouring African countries.

This development is being justified by the sudden appreciation in daily petrol consumption for Nigeria from 35 million litres to 60 million litres.

However, some oil marketers, who spoke to The Guardian, maintained that the 60 million litres daily consumption of petrol being quoted was not possible for Nigeria’s current population and potential petrol users.

They described the figure as over bloated, saying the sudden rise to 60 million litres daily is questionable, and should be investigated.

The Guardian, November 29, 2018

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now