Home BUSINESS FUEL CRISIS: NNPC Imports N1.8TR Worth Of Petrol – Baru

FUEL CRISIS: NNPC Imports N1.8TR Worth Of Petrol – Baru

390
0
SHARE

The Nigerian National Petroleum Corporation, NNPC said it has imported 9.8 million metric tonnes of petrol, worth 5.8 billion dollars, about 1.774 trillion naira at the official CBN exchange of 306 naira to a dollar.

It said the imports were made to combat the fuel crisis that resurfaced since late last year.

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

Baru stated that NNPC carried out the massive importation in fulfilment of its statutory role of supplier of last resort to ensure that Nigerians did not suffer as a result of product unavailability.

According to the GMD, the corporation’s provision of 9.8 million metric tonnes of petrol so far had helped a great deal in ameliorating the suffering of Nigerians.

Leave A Comment