Nigeria’s key Petroleum Products Pricing Regulatory Agency (PPPRA) has faulted the claims by President Muhammadu Buhari about how much of fuel the country saved by closing the border.
Naija News learnt that the president while receiving a delegation of Katsina State Elders Forum at his country home in Daura revealed that domestic fuel consumption had dropped by more than 30 percent since the closure of the border with neighboring countries, suggesting that there had been much leakage across the frontiers. He also said that his government’s directive will save the country billions of naira on import bills.
It will be recalled that before the border closure, Nigeria’s daily fuel consumption was estimated at 61million liters a day, up from 53million recorded in 2018.
PPPRA said it noticed a consumption drop to 50.22 liters between August when the border closure went into effect and 8 September.
But in figures for November, published by the PPPRA, it gave the average daily consumption up till 29 November as 55.8million and diesel 13.9million, creating doubts whether President Buhari had been fed with wrong figures. Here is the link to figures that faulted President Muhammadu Buhari’s claim (PPPRA figures).
Consumption drop, according to PPPRA, from the height of 61million liters to 55.8m liters is about nine percent, far from the over 30 percent savings Buhari claimed.