Business

The International Monetary Fund, IMF, has projected a 2.7 per economic growth for Nigeria in 2022 and 2.6 per cent growth for this year citing a recovery in non-oil sectors and the rising price of crude oil.

The average price paid by consumer for National Household Kerosene (NHK) fell to N400.01 per litre this week.

Ministries, Departments and Agencies of the Federal Government will in 2022 spend an estimated N104bn on purchasing generators, fuelling and servicing them, newsmen have learnt.

Mr. Farouk Ahmed, the Chief Executive Officer of Nigerian Midstream and Downstream Petroleum Regulatory Authority, NPRA, has attributed the rising cost of cooking gas to poor investment into the gas sector over the years.

The Nigerian National Petroleum Corporation has said it spent a total of N32.56bn on pipeline security and maintenance from February to July this year.


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