According to the National Bureau of Statistics, NBS, Nigeria spent N20.2 trillion to import petrol, diesel and kerosene between January 2010 and September 2015.
Figures jointly compiled by both the NBS and the Petroleum Products Pricing Regulatory Agency, PPPRA and made available to newsmen show that N12, 529, 746, 397, 978. 48 was spent on the importation of 102,374,588,480.91 litres of Premium Motor Spirit, PMS.
The figures also show that N6,450,576,065,479.43 was spent on the importation of 16,679,065,103 litres of diesel, otherwise known as Automotive Gas Oil.
The period between January 2012 and September 2015, saw the sum of N1,271,500,290,241 being spent on the importation of 9,448,409,070 litres of kerosene.
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