NIGERIA — Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Wednesday, revealed that the country spends $600 million each month on fuel imports. He vehemently denied reports that the federal government secretly approached the Central Bank of Nigeria (CBN) for Ways and Means advances, insisting there was no such thing. During an interview on AIT, Edun attributed the humongous expenditure on petrol to the fact that neighbouring countries, extending as far as Central Africa, are benefiting from Nigeria’s fuel imports... thesun.ng
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Sat Jul 26 2025 13:52:52 GMT+0000 (Coordinated Universal Time)
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Nigeria spends $600 million each month on fuel imports, according to Wale Edun the Minister of Finance
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Published (Updated) on Thursday, August 8, 2024
• US imposes 14 percent tariff on Nigeria • Amazon wants to buy TikTok • Asia-Pacific markets slide after Trump's tariff, and more - Thursday 03/April/2025 Business News Headlines
• China invites U.S. business leaders • Alibaba to support Nigerian exporters • US farmers express dismay, and more - Wednesday 26/March/2025 Top Business Headlines
• Ex Rivers State Governor Nyesom Wike (Now FCT Minister) Receives Godswill Akpabio the Senate President of Nigeria at His Residence in Abuja on Tuesday 18th, March 2025 - Photo News
• Nigerian President Bola Tinubu Receives N705 Millionaire Naira Donation from House of Representative Led by Speaker Tajudeen Abbas and Deputy Speaker Benjamin Kalu - Photo News
• Naira Exchange Rate - Conversion of United States Dollar (USD) and British Pound Sterling (GBP) to Nigerian Naira (NGN) at CBN Rates - Nigeria Currency Converter Calculator
• Navy has arrested three men for ferrying 10,000 litres of petrol to neighbouring Cameroon
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