Tag Archives: Nigeria incurs N1.4tr under-recovery on petrol yearly – Kachikwu

April, 2018

• 6 April

  Nigeria incurs N1.4tr under-recovery on petrol yearly – Kachikwu

  

  Nigeria currently incurs over N1.4 trillion yearly as under-recovery or losses on the importation and sale of petrol, minister of Petroleum Resources, Dr. Ibe Kachikwu, said yesterday. The minister made the revelation at a workshop on the Harmonization of Liquefied Petroleum Gas (LPG) Regulatory Requirements in Abuja. According to Kachikwu, the government through the Nigeria National Petroleum Corporation (NNPC), continues ...

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