Nigeria: Wrong Time for PMs, Electricity Price Hikes (I)

18 September 2020

Ordinarily, we should be giving the Muhammadu Buhari administration a pat on the back for "summoning the courage" to implement the full deregulation of the downstream petroleum sector and total withdrawal of petrol subsidies.

For over 20 years, we have agitated for this as means of ending fuel scarcity, black marketeering, frequent petroleum industry labour strikes and attendant sufferings. Successive regimes have failed to revive our comatose refineries. Only the private sector can establish and run refineries profitably and sustainably.

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