Premium Times
Africa · 2 hrs ago
✦ 75◉ Centre
CPPE warns against unrestricted fuel imports
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Quality 75/100
Partisan intensity 35/100
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◉ Centre ✓ Fair headline
The Centre for the Promotion of Private Enterprise (CPPE) has cautioned against unrestricted fuel imports, arguing that Nigeria's reliance on imported fuel has strained foreign reserves, destabilised exchange rates, and damaged domestic refining capacity.
CPPE warns against unrestricted fuel imports
CPPE argued that Nigeria’s long-standing dependence on imported fuel had contributed significantly to pressure on foreign reserves, exchange rate instability, fiscal leakages, and the collapse of local refineries.
The post CPPE warns against unrestricted fuel imports appeared first on Premium Times Nigeria.
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