This ongoing crisis highlights the complexities and challenges in the country’s fuel supply chain, despite earlier government promises of improved market competition and efficiency.
Naija News understands that President Bola Tinubu’s elimination of the subsidy on May 29, 2023, aimed to decentralize fuel imports under the Petroleum Industry Act 2021, shifting control from the Nigerian National Petroleum Company Limited (NNPCL) to the private sector.
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