Nigeria’s Petrol Consumption Falls 92% After Subsidy Removal

Nigeria’s daily petrol consumption has dropped by a staggering 92% following the removal of fuel subsidies, according to findings from BusinessDay. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) shows that as of August 20, 2024, the country consumed only 4.5 million litres of petrol per day, a sharp decline from the … Continue reading Nigeria’s Petrol Consumption Falls 92% After Subsidy Removal