Inform

Nigeria de-regulates petrol imports and ends subsidies

From

$1,250.00

You can pay by card or invoice

From

$1,250.00

You can pay by card or invoice

Get this Inform as part of a subscription

Enquire about subscriptions

Already have a subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

Report summary

On 11 May the Minister of State for Petroleum Resources announced the de-regulation of petroleum imports in a bid to ease the fuel supply shortage in Nigeria. This means that any Nigerian entity can import petrol and can access sources of forex beyond the Central Bank. Prices were also increased by 68%. The government also confirmed that the discredited fuel subsidy scheme which has cost Nigeria US$ billions will end. Although this is unlikely to remedy fuel shortages straight away, this decision is a watershed moment that can only encourage much-needed long term investment in Nigeria's stricken refining and power sectors.

What's included

This report contains

  • Document

    Nigeria de-regulates petrol imports and ends subsidies

    PDF 970.89 KB

Table of contents

  • Nigeria de-regulates petrol imports and ends subsidies

Tables and charts

No table or charts specified

You may be interested in

Questions about this report?

  • Europe:
    +44 131 243 4400
  • Americas:
    +1 713 470 1600
  • Asia Pacific:
    +65 6518 0800