To stop fuel subsidy racketeering, deal with corruption first

Federal government recently confirmed the return of fuel subsidy, as the Petroleum Products Pricing Regulatory Agency, PPPRA, fixed the pump price of Premium Motor Spirit, PMS, also known as petrol, at N212.61 per litre, for the month of March. The new price, according to the PPPRA’s PMS guiding price, released to stakeholders, is supposed to commence from March 1st and run till March 31st, 2021. However, this could not be implemented as government suspended the action to avoid possible political and trade union unrest. But the fact that the price of the commodity is still been sold at an aver…

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HEDGE accordingly