Nigeria’s long-standing dependence on imported refined petroleum products has imposed steep economic costs. Fuel imports have historically accounted for a significant share of foreign exchange demand, exerting pressure on reserves, widening fiscal deficits through subsidies, and exposing the econo
```
Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```

comment is free Send 800word comments to [email protected]

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp