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NNPC

Kerosene Subsidy, Middlemen & Economic Rent. Overseas Refinery. Nigerian Market. Buy at $30M. Sell 30,000MT. NNPC. Middlemen. Buy at $10M. Sell 30,000MT; Revenue ≈ $37M. Sell 30,000MT. Buy at $1/litre (N170/litre). Middle’nomics Revenue: $37M Cost Price: $10M Rent: $27M.

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NNPC

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  1. Kerosene Subsidy, Middlemen & Economic Rent Overseas Refinery Nigerian Market Buy at $30M Sell 30,000MT NNPC Middlemen Buy at $10M Sell 30,000MT; Revenue ≈ $37M Sell 30,000MT Buy at $1/litre (N170/litre) Middle’nomics Revenue: $37M Cost Price:$10M Rent: $27M Subsidy $20M Note: 30,000MT vessel = approx. 37,000,000 litres of Kerosene

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