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The Lagos

Nigeria cannot import its way out of high petrol costs

Nigeria cannot import its way out of high petrol costs
Photo: Nairametrics · view original

Nigeria is no longer arguing about whether it can refine petrol. It is arguing about whether it should still import the same product now that a large local refinery exists. On one side are marketers, some officials, and a competition argument that says a cargo at the jetty keeps prices honest and...

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