Deregulation: Brace for N750/Litre Petrol When Subsidy is Removed, Stakeholders Tell Nigerians
Sgt4succsess SMACIN GRACEFULL TEAM Deregulation: Brace for N750/Litre Petrol When Subsidy is Removed, Stakeholders Tell Nigerians ADVERTISEMENT As Nigeria’s federal government prepares to completely deregulate the downstream sector of the Nigerian oil and gas industry in the coming months, stakeholders in the sector have told Nigerians to be ready to pay as much as N750 per litre of petrol at filling stations. ADVERTISEMENT This was the highpoint of stakeholders’ interventions during an online workshop, with the theme, “Deregulation of the Nigerian Downstream Sector: The Day After.” ADVERTISEMENT The workshop was organised by industry stakeholders, in collaboration with the African Refiners and Distributors Association (ARDA). The downstream players, in conjunction with economic policy analysts and relevant government agencies, also outlined strategies and