Tag

Economy

Nigerians may spend over ₦130 billion by December

As of March 2020, the federal government (FG) decided it was deregulating the oil sector. Mixed reactions and scepticism followed this announcement, and rightly so as the June template from the Petroleum Products Pricing Regulatory Agency (PPPRA) still shows allocation to the Bridging Fund. And the icing on the cake, Mr Sylva’s explanation of deregulation to mean marketers, still could not determine prices. Counterintuitive, some might say, which begs the question, did the government truly deregulate oil and gas? If yes, why then is the PPPRA still functioning under the same mandate?