Petroleum Products Pricing Regulatory Agency, PPPRA

The Petroleum Products Pricing Regulatory Agency, PPPRA said that the country’s daily petrol consumption dropped from about 61 million litres to 50.22 million litres following the partial closure of Nigeria’s western border with Benin Republic.

But a Professor of International Law, Akin Oyebode said the sudden decision by the federal government to close the border with members of the Economic Community of West African States ECOWAS violated the letter and spirit of the regional institution as well as the African Continental Free Trade Area, AfCFTA.

PPPRA said between August 5 and September 8th, it observed a marked reduction in the volume of petrol trucked out from inland depots to various parts of the country, where they were needed.

President Muhammadu Buhari had recently ordered a partial closure of Nigeria’s border with Benin Republic, mainly to check the smuggling of rice into Nigeria and restore government’s support to rice farmers, which was reportedly affected by rice illegally brought in through the borders.