Energy Costs High Despite Reform, Says Sanwo-Olu

Lagos State governor, Babajide Sanwo-Olu, has said that despite ongoing energy reforms energy costs remain high for many households and businesses.
He said Nigeria’s downstream sector today looks very different from what it was three years ago following the removal of fuel subsidy which opened the market to private investment.
Speaking at the Opening of the OTL Africa Africa Downstream Energy Week
on Monday in Lagos, the Governor noted that the Dangote Refinery, here in Ibeju-Lekki, produced about 42 million liters of petrol a day in August, according to the regulator’s data, and petrol imports fell by 26 per cent that month, to about 14.6 million liters a day.
He said that for a cou...