President Buhari’s go-slow approach on African Continental Free Trade Area (ACFTA) appears to be the right approach. President Buhari have so far refused to sign ACFTA and instead inaugurated a committee to access the impact of Nigerian membership in the free trade pact. More study and discussion of the Free trade agreement is very important …
Tag Archive: petroleum
Removal of Fuel Subsidy
The federal government of Nigeria recently removed subsidy on imported Premium Motor Spirit (petroleum) and increased price of fuel from 86.50 Naira to $145 Naira per liter. What that means is that official government price of a gallon of petroleum now cost 580 Naira, a little less than $2 per gallon. Prices of petroleum has …