“The Nigerian economy is not ripe for full blown deregulation and market principles on all fronts,”Mr Yusuf said.
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Support journalism driven by facts, created by Nigerians for Nigerians. Our thorough, researched reporting relies on the support of readers like you.“Over one hundred million people are wallowing in various variants of poverty. There is also an issue of policy sequencing. The present administration has presented an economic stabilisation bill to the national assembly. The bill is expected to bring some relief to the citizens and businesses.
The think tank said the customs duty exchange rate should be fixed at a maximum of N1000/dollar to reduce the current prohibitive cost of imports. As the NNPC is ending its exclusive purchase agreement with the Dangote Refinery, this means the NNPC will no longer be the sole off-taker, and marketers can now negotiate prices directly with the refinery.
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