Petroleum products pricing riddled with corruption – Group

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The country’s current petroleum products pricing model, which is based on import parity and the Petroleum Support Fund, is riddled with corruption, a new report produced under the project, Transparency and Accountability in the Oil and Gas Sector in Nigeria, has stated.

The report by the African Centre for Leadership and the Strategy and Development, with support from the Open Society Initiative for West Africa, stated that a mechanism that would endure needed to be more transparent and less prone to abuse. Continue Reading

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