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Opinion

Nigeria’s New Fuel Pricing: Clarifying Critical Issues, By Ben Akabueze

The decision government has therefore made is to prioritise FX allocation to the real sector, thereby saving jobs and reducing prices of some basic In other words, instead of having manufacturers source their dollars at about N285/$, let the fuel importers do so, especially since most of the PMS sold…
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Opinion

Fuel Price Increase: Doing the Right Thing Wrongly, By Tolu Onabolu

On the issue of this “ghost price limit hike”, Nigerians cannot be expected to trust this administration any longer. Therefore, the government must stop playing these childish games with the people’s lives and come up with an honest policy of full deregulation. I am not a fan of government subsidising…
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Guest Columns

Ending Petrol Price Fixing: The Making of Economic Sense, By Bola Ahmed Tinubu

...while we were paying a low price for fuel when it could be gotten on the front end, we were being asked to pay a price too high in hidden and indirect costs for such malpractice to continue. Not every cost is defined by what comes out of your pocket.…
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Opinion

Fix the Fuel Supply Problem; Don’t Dump It On Nigerians, By Moses E. Ochonu

Deregulation is only a short term, knee-jerk half-solution. The real, permanent solution for providing affordable petrol to Nigerians is to revamp our domestic refining capacity so that 100 percent of Nigerian fuel consumption is supplied from domestic refineries, as used to be the case. Unlike in the past, this will…
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