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Rewane: Naira devaluation will push petrol subsidy to N7bn daily -- from N5bn in June

Rewane: Naira devaluation will push petrol subsidy to N7bn daily -- from N5bn in June
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PIB Passage: Have the demons really been defeated?

“The demons have been defeated…We have passed the Bill!” Perhaps that expression might have come a bit too soon and might have been a tad uninformed. A cursory reading of the document that appears to be the version passed reveals that the demons plaguing the PIB – and indeed the country’s energy sector – seem to exist within the document itself. The first one is its recalcitrant stance in relation to the energy transition. The importance of crafting pathways to sustainable development for developing countries cannot be overestimated. Yet in a document two decades and some late, and which is expected to govern the country’s energy sector for at least another two decades, there is no such pathway indicated.

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