The Federal Government yesterday raised hope for more investment in the upstream sector of the nation’s petroleum industry just as it reiterated that there would be no increase in the price of Premium Motor Spirit as Nigerians prepare for the festive season.
On another hand, subsidy payment on PMS is worsening the financial burden of the country as imminent challenges have already started fueling scarcity of the commodity across the country. Coming in the face of earlier commitment from COP26 to reduce fossil fuel footprint, Komolafe said the engagement with the investors has been positive.