The Independent Petroleum Marketers Association of Nigeria (IPMAN) has appealed to the Department of Petroleum Resources (DPR) to sanction all private depots in Apapa area of Lagos selling above the regulated petrol price of N133.28k.
“It is extremely difficult for marketers outside Lagos to buy petrol at N145 from the depots and sell at same price to consumers,” Ahmed told NAN.
Nigeria’s hope of attracting foreign investments
Nigeria’s hope of attracting foreign investments have been renewed as the European Union (EU), at the weekend, unveiled a €44 billion Africa economic development fund aimed at helping African countries manage their economic crisis in order to attract private investments into the continent.
”This fund meant for supporting development in African countries will be beneficial to the European countries as you know today that most people in Africa prefer to leave African countries to seek for greener pastures in European countries. We are faced with lots of refugee crisis. To tackle this menace, we can provide some help to those countries to help build their economies instead of seeking refuge in Europe,” he said.He said African countries must create the right environment for digital development, create an effective regulatory environment that would have a much bigger influence than funds in the future of African countries.