Nigerian government ends subsidy on petrol, says it has no economic value

The Federal Government of Nigeria has stopped subsidy on Premium Motor Spirit otherwise known as petrol. The Minister of State for Petroleum Resources, Timipre Sylva, who announced this in Abuja on Thursday, said the decision was in line with the deregulation of the downstream oil sector. Sylva, in a statement, noted that the move would … Continue reading Nigerian government ends subsidy on petrol, says it has no economic value