Pump

Nigeria Economic Update (Issue 2)

The amount of financial subsidy that Nigeria absorbs to maintain pump price at the official N145/litre has remained high. According to reports, the NNPC now pays N48.68 subsidy for a litre of petrol1, as against the N26 recorded as payments in May 20182. In total, at the daily average consumption rate of 50 million litres […]

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