LCCI calls for deregulation of oil and gas sector

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Remi Bello
The Lagos Chamber of Commerce and Industry (LCCI) on Sunday called on the incoming administration at the federal level to deregulate the oil and gas downstream sector.
This was contained in a statement issued and signed in Lagos by the President of the chamber, Mr Remi Bello, on the current fuel scarcity and power supply situation in the country.
It said that deregulation of the sector would help to provide enduring solution to the recurring problem of scarcity of petroleum products in the country.
The chamber identified other challenges, apart from fuel scarcity, to include corruption in the subsidy regime, collapse of …Read More

Source:: PM Newspaper