THESHIELD Garkuwa
Energy experts have criticised recent recommendations by the World Bank urging Nigeria to deepen fuel importation and fully liberalise its downstream petroleum sector, warning that the advice is ill‑timed, economically regressive and in direct violation of the Petroleum Industry Act (PIA). An energy economist and professor, Ken Ife, faulted the …
Read More »Petrol subsidy is emotive, financing for development is rational
By Salisu Na’inna Dambatta That the sum of USD 800 million (about N386 billion) borrowed by the Federal Government through the World Bank would be used to cushion the initial potential negative effects of the forthcoming removal of subsidy on the price of premium motor spirit, or petrol, …
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