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Subsidy Removal

JUST IN! Fuel Subsidy Removal: FG Moves To Amend PIA

Nigeria’s Federal Government (FG) has concluded plans to approach the National Assembly to amend the recently passed and assented Petroleum Industry Act (PIA). This was disclosed by the Minister of State for Petroleum Resources, Mr Timipre Sylva, who addressed reporters…

Buhari Moves To End Oil Subsidy, Seeks Sector Deregulation

President Muhammadu Buhari may have concluded plans to begin full deregulation of Nigeria’s oil and gas sector, which will bring the current oil subsidy regime to an end. The new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC)…