Showing posts with label Raz Hansir Oil Terminal. Show all posts
Showing posts with label Raz Hansir Oil Terminal. Show all posts

Wednesday, August 14, 2024

Bola Tinubu And Our Oil Sector

 By Ochereome Nnanna

The #EndBadGovernment protests largely flopped partially because they demanded for the restoration of the petrol subsidy. In life, better be careful what you wish for because it might actually come true!

*Tinubu

If for any reason President Bola Tinubu acceded to this demand, the engine of his government would knock. Petrol is selling between N640 and N800 per litre, and it is still scarce. Imagine returning it to N180? All petrol stations will close shop, and we will be buying at the black market between N1,500 and N2,000 per litre. The train has left the subsidy station, and it will never come back.