The Minister noted that the removal of fuel subsidy will save Nigeria up to a trillion every year.
FG would resort to holding minority shares after giving up the refineries to investors.
The government of Nigeria has requested advance payment for damages in the Malabu oil scandal.
The DPR ordered the filling stations to begin immediate installation and also update licenses.
The PPPRA added that the price of petrol will be determined by the forces of demand and supply.
This means that more Nigerians will have access to electricity via a reliable and sustainable solar system.
The FG said it will protect Nigerians who can’t afford to pay cost-reflective tariffs from increases.
President Buhari has today reiterated the need to do away with fuel subsidy.
Subsidy removal would free up the much-needed funds to be channeled into critical sectors of the economy.
The Pipeline and Product Marketing Company made the disclosure through an internal memo.