Tag
FUEL
The Western economies were built by burning “dirty” fuel i.e. coal and later crude oil to generate power for industrial complexes and cars.
Reports state that fuel marketers under the aegis of MOMAN and IPMAN have called on the FG through the PPPRA to raise their margins on petrol prices.
The federal government of Nigeria has spent a whooping N60.37 billion on subsidizing fuel in November 2019, increasing over 2000% when compared with the amount spent on subsidy in the same period 2018.
Buhari's decision to stop distribution of fuel to filling stations close to the borders is beginning to affect businesses in the area.
The latest foreign trade report released by the National Bureau of Statistics (NBS) shows that Nigeria saved N670 billion on the importation of Premium Motor Spirit (Petrol) in half-year 2019.