This information was divulged on Monday by Umar Ajia, Chief Financial Officer of NNPC Limited, while he was testifying in front of an ad hoc Committee of the House of Representatives that is examining gasoline subsidy.
According to the Chief Financial Officer, the majority of nations that surround Nigeria now entirely depend on the subsidies from Nigeria to maintain themselves.
He said that the open borders make it extremely simple to smuggle petroleum products into the country, and that anybody with N5 million may make it across the border.
"If you have five million naira, you can cross the borders with trucks loaded with PMS; that is the unfortunate fact, we have porous borders; yeah, we have Customs but I do not know." "If you have five million naira, you can cross the borders with trucks loaded with PMS."
"PMS crosses everywhere, to Cameroon through the North East, Nigerian PMS gets to Mali; our neighboring nations barely import PMS; in fact, some of them do not have the LC cover to back up imports. " "PMS crosses everywhere, to Cameroon through the North East, Nigerian PMS gets to Mali."
"Sometime during the past year or so, the refinery in Cameroon caught fire; ever since then, they have not imported PSM, but they continue to use PMS; if you travel to Niger, you will see that PMS is marketed in bottles there."
He went on to say that Ogun, Oyo, and Niger States are the three states that use the most gasoline overall.
Ajia emphasized that the government of Nigeria does not know the precise quantity of daily consumption and instead depends on the number of trucks that are exported.
In the wake of the disclosure, the chairman of the committee, Ibrahim Almustapha, stated that the acts of the authorities who are responsible with administering the sector may lead to the destruction of the country.
As a result, Almustapha made the decision that all of the NNPC limited's subsidiaries are required to appear in front of the committee on Thursday.