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The Minister of State for Budget and National Planning, Clem Agba, on Tuesday, reiterated the need to deregulate the downstream petroleum through the removal of subsidy on Premium Motor Spirit.

todayJuly 7, 2021 1

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The Minister of State for Budget and National Planning, Clem Agba, on Tuesday, reiterated the need to deregulate the downstream petroleum through the removal of subsidy on Premium Motor Spirit.

According to him, only the wealthy were currently benefiting from the subsidy.

The minister spoke during the leadership and governors’ discourse on open government partnership held in Abuja on Tuesday.

He stressed the importance of Open Government Partnership which he said was to enable Nigerians to understand the poor state of the economy and look for ways of improving the situation.

Written by: EaglesFM

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Holders of refining licences in the country can pay for domestic crude oil supply in naira, according to the Petroleum Industry Bill passed by the National Assembly on Thursday.

Holders of refining licences in the country can pay for domestic crude oil supply in naira, according to the Petroleum Industry Bill passed by the National Assembly on Thursday. Companies holding refining licences include Dangote Oil Refinery Company, Waltersmith Refining & Petrochemical Company Limited, OPAC Refineries, Niger Delta Petroleum Resources, BUA Refinery & Petrochemicals and Edo Refinery and Petrochemical Company Limited. The Senate and House of Representatives, according to copies […]

todayJuly 5, 2021

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