Nigeria’s Fuel Imports From Malta Hit $2.25 Billion Amid Allegations Of NNPC Involvement

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Naijanews July 26, 2024 10:06 a.m.

Nigeria’s Fuel Imports From Malta Hit $2.25 Billion Amid Allegations Of NNPC Involvement

This marks a dramatic rise in the value of Nigeria’s fuel imports from Malta, which increased 43 times over ten years, from $47.5 million in 2013 to $2.08 billion in 2023.

Fuel imports from Malta were valued at $59.98 million in 2014, $117.01 million in 2015, and $13.32 million in 2016.

We know what they are doing.” In response, NNPCL’s Group Chief Executive Officer,Mele Kyari, denied owning any blending plant, except for a local mini agriculture venture, and stated he was unaware of any NNPC employee involved in such activities.

According to Trade Map data, Nigeria imported $2.8 billion worth of petroleum oils from bituminous minerals in 2023, marking a 342% increase from $47.5 million in 2013..

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