Post by Arise News (@arisenews)

Tinubu Treated Symptom By Removing Subsidy, Should Enter An IJV Arrangement for Refineries - Agule

The fuel subsidy that President Tinubu removed was a symptom of the collapse of state-owned refineries. He addressed the subsidy drain, which was essentially symptom management, but he has not tackled the root cause: the refineries themselves.
At the helm of the NNPC, all Bayo Ojulari has done so far is sign MoUs. These agreements will not even yield results within the next year. Like is the case with NLNG, President Tinubu can enter into an IJV arrangement with competent operators if he doesn't want to sell

Nick Agule, Energy Expert

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