The downstream parts of the oil and gas sector include all activities following the delivery of crude oil to processing plants for refining, conversion and value addition into gasoline, diesel, kerosene and petrochemicals, including transportation, storage, marketing of the finished products and associated services. The value chain entails the supply of crude oil to the […]
THE Conference of Nigerian Political Parties (CNPP) has declared that if the issue of fuel subsidy removal is not handled with care, it might disorganise the well-planned transformation agenda of President Goodluck Jonathan’s administration. view full text
THE Federal Government, on Thursday, in Abuja, opened talks with labour on the proposed petroleum subsidy removal, describing the meeting as a “successful and continuous interactive session.” The Minister of Labour and Productivity, Chief Emeka Wogu, declared that the government could no longer bear the subsidy burden at the expense of failing infrastructure that could directly […]
Kerosene will not be affected by the Federal Government’s decision to stop fuel subsidy, Petroleum Resources Minister, Dieziani Allison-Madueke said yesterday. Speaking at a meeting with members of the Senate Committee on Gas, the minister said government will not include kerosene in the immediate deregulation plan but will phase out subsidy on the product gradually after […]
Efforts by the Federal Government to mobilise support for its planned deregulation of the downstream oil sector suffered a hitch yesterday as the Organised Private Sector denied backing the controversial policy. It said some of its members who gave backing to government’s planned removal of fuel subsidy were acting on their own. view full text
State governors yesterday rose from the National Economic Council meeting in Abuja announcing their endorsement to Federal Government’s plans to end fuel subsidies starting from January, saying the move was economically justified. view full text
LABOUR said, on Wednesday, that it would lead the Nigerian people to resist, with maximum capacity, the Federal Government’s move to remove fuel subsidy, which it described as a well orchestrated scheme to further emasculate Nigerians to the advantage of the few political rulers. view full text
For 51 years, the key issue responsible for Nigeria’s difficulties has been the absence of good leadership: leadership that would act in the public interest. The political elite has maintained a stiff resistance to change in a corruption-ridden and violence-prone society. view full text