For over 20 years, we have agitated for this as means of ending fuel scarcity, black marketeering, frequent petroleum industry labour strikes and attendant sufferings. Successive regimes have failed to revive our comatose refineries. Only the private sector can establish and run refineries profitably and sustainably.
If our advocacy had been heeded, we would not have wasted the N10.413 trillion which the Federal Government claims has been spent in the past 14 years on petrol subsidy. This amount would have helped to ameliorate our infrastructure deficit and reduce our massive foreign borrowing. The Jonathan government had to back down when it found itself increasingly needing to call in the military to maintain law and order.
The recommendations of the Price Waterhouse Coopers, PwC, audit conducted in 2014 for a total paradigm reset for the Nigerian National Petroleum Corporation, NNPC, has been jettisoned.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NLC issues 2 weeks ultimatum to FG to reverse hike in electricity tariff, PMS priceNLC, has issued a two-week ultimatum to the federal government to reverse the recent hike in electricity tariff and the pump price of petrol
Source: vanguardngrnews - 🏆 5. / 75 Read more »
JAF commences nationwide protest against PMS, electricity tariff hikes
Source: MobilePunch - 🏆 8. / 63 Read more »
Offensive Against the Wrong Target - THISDAYLIVEBY KAYODE KOMOLAFE (THE HORIZON) In his closing remarks at the ministerial retreat last week, President Muhammadu Buhari ordered members of his administration to “go on the offensive“ against “irresponsible and politically motivated activists.” Pray, has Buhari lost patience with the critics of his administration? The President proudly listed the “achievements” of his government which …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
NLC issues 2 weeks ultimatum to FG to reverse hike in electricity tariff, PMS priceNLC, has issued a two-week ultimatum to the federal government to reverse the recent hike in electricity tariff and the pump price of petrol
Source: vanguardngrnews - 🏆 5. / 75 Read more »
JAF commences nationwide protest against PMS, electricity tariff hikes
Source: MobilePunch - 🏆 8. / 63 Read more »
Workers Issue Two-week Ultimatum To Nigerian Government To Reverse Petrol Price, Electricity Tariff Hike | Sahara ReportersNLC in a communiqué by its President, Ayuba Wabba, said the ultimatum takes immediate effect, warning that at the end of its expiration on September 28, it would mobilise its members nationwide for civil unrest.
Source: SaharaReporters - 🏆 9. / 63 Read more »