Vanguard Online Edition : "Nigerians spend about N16.408 trillion annually on fuelling generators in the country.
The break down shows that in the telecom sector, N6.7 trillion is spent per annum to purchase diesel while filling stations spend N43.98 billion; factories N191.08 billion; banks N11.7 billion; insurance companies N80 billion; residential N7.812 trillion; and commercial enterprises, N1.57 trillion giving a total of N16.408,760 trillion or $140 billion expended on fuelling generators in the country annually."
The break down shows that in the telecom sector, N6.7 trillion is spent per annum to purchase diesel while filling stations spend N43.98 billion; factories N191.08 billion; banks N11.7 billion; insurance companies N80 billion; residential N7.812 trillion; and commercial enterprises, N1.57 trillion giving a total of N16.408,760 trillion or $140 billion expended on fuelling generators in the country annually."