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FG spends N7.9trn importing fuel in four years

To keep the bulk of middle-class Nigerians, mainly residents in Lagos and Abuja, happy the Federal Government sank N7.9 trillion importing petrol to augment supply from the country’s rickety refineries, data from the National Bureau of Statistics (NBS) show. This is more than Nigeria’s entire 2017 budget of N7.2 trillion and 5 percent of the…

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