Opinion

Fuel Scarcity Stories and the Imperative of Subsidy Reform, By Victoria Ohaeri

Nigerians are yet to start seeing the impact of the reforms in the energy sector. A large percentage of the petroleum products consumed in the domestic market are imported with additional costs in shipping, storage and distribution. Retaining subsidies means that monies that could have been used to fix the…
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Opinion

Federal Government Needs To Urgently Support the Establishment of Private Refineries in Nigeria, By Charles Musa

In the power sector, the Federal Government, through the Nigerian Bulk Electricity Trading Plc, buys power at a guaranteed price from the companies that produce it (Gencos) and then sells the power to distribution companies (Discos). The Gencos are then able to invest in power production without any apprehension that…
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Guest Columns

Fuel Subsidy Reforms: Moving from Anger to Cooperation, By Victoria Ohaeri

Three years after Nigerians grudgingly submitted to the federal government’s conditions for removing fuel subsidy, government-controlled prices for petroleum products continue to impede the effective implementation of subsidy reforms. Local refineries in Nigeria are either comatose or perform below refining capacity. The practice of adopting uniform benchmark pump prices and…
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