The groups said they support fuel subsidy removal but demand accountability in the use of the freed resources
Although they noted the recent decision by the NNPC to adjust downwards the price of petrol from N145 per litre to N125 and N123.50, the groups said Nigerians are not yet aware of any clearly defined mechanism on how this adjustments were done and how the new prices were arrived at.
The observations were contained in the communique issued at the end of a one-day meeting on urgent oil and gas sector reform issues organised in collaboration with the Facility for Oil Sector Reforms supported by the Media Initiative on Transparency in Extractive Industries . On the non-passage of the PIB, the group noted the high cost the country has to pay waiting for the law. They also lamented the steady decline in the funding of petroleum exploration activities in the country.
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