Peter Uzoho
The downstream sector of the Nigerian petroleum industry may witness deregulation in the nearest future due to forces such as the coming on stream of Dangote Refinery and Petrochemical Plant and the emancipation of the gas sector through the reduction of Value-Added Tax (VAT).
The Managing Director of TSL Limited and expert in downstream sector logistics, Mr. Deji Wright, stated this in Lagos while presenting his organisation’s outlook for the sector at the ENYO Breakfast Session with energy correspondents, in Lagos, recently.
Wright who noted that formal deregulation of the sector might not happen in the short-to-medium term as seen by the body language of the current president, however, opined that deregulation of the downstream sector might occur through the “back door”.
For long, there have been repeated calls by the operators, industry watchers and commentators for the federal government to free the sector from its…
Source: Thisday Newspaper
