FG Meets Labour Again In Fresh Bid To End Strike

The Federal Government panel in talks with trade unions over a spike in petrol prices was weighing its options Sunday to avert the continuation of a strike that has shut down Africa’s top oil exporter.

A team of top cabinet ministers and powerful state governors was meeting Senate president David Mark who has been mediating between the two sides in the dispute.

“We are meeting and finding solutions to...

The Cost Of Political Inexperience In A ‘Shoeless’ Economy

The so-called complete deregulation of the downstream sector and the removal of subsidy may seem like a purely economic policy decision, but it is so tied to larger Nigerian questions that it ought to be more rigorously debated, and government should make haste slowly. As at this moment, Nigeria operates a partial deregulation regime in the downstream sector.

Petrol and kerosene prices are regulated while diesel is fully deregulated. The regime is corruption-ridden, it is badly managed. There is no indication that a complete deregulation regime will be better managed. The problem is not one of form, but...