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

Nigeria National Petroleum Cooperation, NNPC, has revealed that an average of $1.8 billion is spent on quarterly basis on the importation of Premium Motor Spirit, PMS, also known as fuel, into the country. This was as the corporation also apologized to Nigerians for the lingering scarcity of the product across the country. In a joint briefing at the presidential villa, Abuja, yesterday, four officials of NNPC in the persons of the Group General Managing, GGM, Public Affairs, Mr. Garba Deen Mohammed, and the Group Executive Directors, GED, Mr Bello Rabiu, (Upstream) Henry Obih (Downstream) and Anibor Kragha (Refineries), assured that long queues at the gas stations would disappear in days.
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