Nigeria spends $600 million each month on fuel imports, according to Wale Edun the Minister of Finance

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