• Monday, December 23, 2024
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BusinessDay

Full deregulation to break petrol scarcity ‘curse’

Ride-hailing drivers adjust prices on high petrol cost
…Nigeria can save Africa $17bn petrol import bill- Dangote The bold step by the federal government for full deregulation of the downstream sector is seen to address the recurrent petrol shortages that have plagued Africa’s biggest economy for decades. The move is being described as bowing to common sense for a country that has gradually witnessed everything wrong about regulating the supplying and pricing regime of petroleum products for decades. BusinessDay learnt that senior government officials acknowledged