No accurate figures on fuel consumption, smuggling – FG

1st October 2023


By Okechukwu Nnodim

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There is no realistic figure on the actual volume of Premium Motor Spirit, popularly called petrol, consumed in the country or smuggled out of Nigeria, the Federal Government has said.

It explained that this was one of the major reasons for the removal of subsidy on PMS, and that the downstream arm of the oil and gas sector was too frowzy with respect to fuel subsidy.

The Special Adviser to the President on Economic Affairs, Tope Fasua, disclosed this in an interview with Sunday PUNCH on the sidelines of an event organised by the Abuja Chamber of Commerce and Industry.

He said, “This is in terms of how much fuel do Nigerians use on a daily basis, how much is being smuggled out or not smuggled out; all those things that we were never able to come to any conclusion on. So, whether it was 10,000 trucks that were stolen from Nigeria or 100, or whatever, there was no agreement.

“The Customs say it is not possible and I also think it is not possible to take that number of trucks out of this country on a daily basis. And I actually don’t quite agree that Nigeria was feeding the whole of Africa.”