I culled this from an interview Pat Utomi granted to Business Day on recent happenings in the economy. All I can say is......... God help Nigeria!!!!!!!!
For so many years, we have been talking about petroleum subsidy, who is subsidising who
I don’t agree that there should be subsidy on anything except the government is trying to use it as a strategy to achieve growth in the economy.
What are they really paying for They are paying for the games between the Nigerian National Petroleum Corporation (NNPC) and the marketers.
Those who have studied the value chains in fusil fuels know the basic logics. When crude oil prices are high the production companies makes a lot of money, the refining companies get into trouble because the margins they can pass on is very limited.
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