The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has admitted that there is no record of the consumption of petrol in the country.
Speaking in a television interview, he explained that about $600 million is spent monthly on fuel imports.
Edun, who insisted that the government is not paying fuel subsidy, attributed the high cost of import to neighboring countries, extending to Central Africa, benefiting from the nation’s fuel imports.
On food production, he clarified that the tax waivers on imported food were merely a short-term measure and not intended to undermine local farmers, as importation would only be permitted after exhausting local supplies.
He also emphasized that the welfare of Nigerians remained a key priority for the current administration, particularly ensuring food availability and affordability.
