Wednesday, March 23, 2011

Nigeria: Nation Spends N201 Billion On Fuel Imports

Vanguard
23 March 2011

Nigeria: Nation Spends N201 Billion On Fuel Imports

Lagos — THE Central Bank Monetary Policy Committee, yesterday, expressed concern that $1.34 billion was spent on importation of refined petroleum products between January and March 2011.

This the committee said had adverse implications both for the reserves position and government finances as a result of the huge subsidy implications.

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