The recent abrupt subsidy removal, now increasingly dubbed deregulation in the downstream petroleum industry, is posing new challenges both to the Nigerian citizenry (in terms of direct increase in fuel price and of other essentials due to the impact of the petrol "macroproduct" and to the Federal Government (in terms of protests from various sectors of civil society).


The coming days will be crucial in determining where the pendulum will swing over the issue. The coming months and years will also see whether private investors will come rushing into the downstream sector, because without a national consensus, private money tends to bide its time, fearing future policy reversals.

Visit link to read the background information http://economicconfidential.net/new/features/885-facts-and-nagging-questions-on-fuel-subsidy-removal