Downstream oil sector deregulation designed to drive growth—Minister
The Minister of State for Petroleum Resources, Chief Timipre Sylva Thursday averred that the ongoing deregulation of the downstream oil sector was to ensure economic growth and development of the country. Giving further insights in Abuja, he said it was…
FG’s no plan to remove fuel subsidy may cause hard landing for Dangote fuel
Considering the fact that Dangote Refinery which is expected to pump products into Nigerian market from next year is coming with sulphur-free fuel which is currently over one dollar in the international market, there are strong indications that the Federal…
Subsidy removal may creep in as one of W’Bank terms for new $1bn power loan
Considering the similarities of World Bank and International Monetary Fund (IMF) operating models, there are strong indication that World Bank may in the last minute of approving proposed $1bn loan for the ailing power sector, smuggle in removal of fuel…
Removing subsidy without fixing infrastructure, refineries, power’ll be suicidal—Expert
As the campaign for removing fuel subsidy is gaining momentum mainly from petroleum industry players and several international organizations including the International Monetary Fund (IMF) boss, Ms Christine Lagarde, a public affairs commentator, Barr Jimoh Adegoke has joined the Nigerian…
