Tuesday, March 2African Business News
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Tag: Downstream Sector

Civil society group seek policy guideline on deregulation of downstream sector

Civil society group seek policy guideline on deregulation of downstream sector

Business
A coalition of civil society groups has called for defined processes and regulatory guidelines to support the removal of fuel subsidy in Nigeria, as being claimed. The coalition, led by Civil Society Legislative Advocacy Centre (CISLAC); Media Initiative for Transparency in Extractive Industries (MITEI); BudgIT; Spaces for Change (S4C); and Youth Forum of Extractive Industry Transparency Initiative (EITI), said regulatory guidelines by the Presidency will give the policy an official seal of affirmation to all and industry operators. They also declared their support for the privatisation of the country’s refineries in their present condition to avoid further revenue losses. They added: “We suggest the adoption of a transparent merit based model for privatisation by either consider...