Major Oil Marketers Association of Nigeria (MOMAN )has warned that both the multibillion-dollar Dangote Refinery and the refurbished Nigerian National Petroleum Company refineries will not survive with the refining margins at the current pump prices. It, therefore, urged the government to begin the process of complete deregulation of the downstream to reduce this inefficient subsidy. The unattractive pump prices have been responsible for the lack of investment in the sector and those that are investing currently must be encouraged to do so by allowing total deregulation of the sector. By…
Read MoreDangote, NNPC Refineries Will Not Survive With Refining Margins At Current Pump Prices.—MOMAN warns
