Subsidy Removal Has Doubled Depot Petrol Price - Marketers
Prices of petrol at depots have increased more than 100 per cent following the official removal of subsidies since May 29.
National Controller Operations, Mike Osatuyi, on Tuesday, told our correspondent that many downstream businesses were currently...
Rising Unemployment and Inflation: The Fallout of Nigeria's Subsidy Removal, by Omojo Wada
Consider the wonderful purpose of subsidies, a kind gesture that allows individuals and businesses access to petrol, an essential treasure, despite limited resources. However, in this tale, the small and medium enterprises...
Fuel Importation: Marketers Demand Equal Access To Forex
Oil marketers have projected that the ex-depot price of Premium Motor Spirit, popularly called petrol, would hit N515/litre once they source foreign exchange rate at the parallel market for the importation of PMS.
Ex-depot price is the price...
Fuel Subsidy: The Genesis and Nemesis, by Adedamola Adetayo
ORIGIN.
1. In the past, we had FOUR (4) REFINERIES.
Two (2) in Portharcourt, One (1) in Warri and another One (1) in Kaduna.
Crude oil was pumped into those four REFINERIES and we got all the products we...
President Tinubu: Please Review Subsidy Removal, by Aliyu U. Tilde
Summary: Subsidy is for the everybody. Complete removal is bad for the economy. Suspend removal. Constitute a credible committee to get you actual fuel consumption figures to fix a new price. Maintain some level of...
Simply, the Cost of Fuel Subsidy in a Layman's Language
1. Nigeria has crude oil in abundance but it is not the crude oil you use in powering your generator and other machineries.
The crude oil needs to be converted to some usable products.
This process converting...
