Oil & Gas:  Nigeria must move beyond subsidy – Expert

…Calls for petroleum price moderator
From Desmond Mgboh , Kano
 
Veteran labour leader, Mustapha Nuhu Wali has called for a fundamental shift in Nigeria’s petroleum pricing policy, urging the country to move beyond the traditional subsidy versus deregulation debate.
The oil and gas development expert made the call while unveiling a policy document entitled “Beyond Petroleum Subsidy: A Petroleum Price Moderator and Downstream Transformation Framework for Nigeria.”
He stressed the need for a Petroleum Price Moderator (PPM) that will operate within a transparent price corridor.
He proposed that when international crude and petroleum product prices are favourable, a defined cont...