Scarcity: We’ve imported $5.8bn worth of petrol, says NNPC

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Okechukwu Nnodim and Ifeanyi Onuba

The Nigerian National Petroleum Corporation on Tuesday said it had imported 9.8 million metric tonnes of Premium Motor Spirit, popularly known as petrol, worth $5.8bn to combat the fuel crisis that resurfaced late last year.

The Group Managing Director, NNPC, Maikanti Baru, disclosed this at a public hearing organised by the Senate Committee on Public Accounts at the National Assembly Complex in Abuja.

But despite Baru’s claim, the queues for petrol in the Federal Capital Territory and neighbouring states grew longer on Tuesday.

In a presentation by the GMD, who was represented by the Chief Operating Officer, Finance and Accounts, Abdulrazaq Isiaka, the oil firm stated that it carried out the massive importation in fulfilment of its statutory role as supplier of last resort to ensure that Nigerians would not suffer as a result of product…



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