Outrage over new levies in Nigeria’s oil industry

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المملكة العربية السعودية أخبار أخبار

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New levies introduced last week in the oil industry by the Federal Government has continued to attract condemnation from stakeholders in the country.

The Department of Petroleum Resources, DPR, now known as Nigeria Midstream and Downstream Petroleum Regulatory Authority, announced the new levies described as untimely when Nigerians are currently grappling with socioeconomic challenges imposed on them by the removal of fuel subsidy. The levies were introduced by the regulatory authority after the removal of the fuel subsidy which has adversely affected the lifestyle of Nigerians.

He expressed dismay that the levies were imposed without prior knowledge or meeting with the stakeholders to explain the rationale behind the new policy shortly after the removal of the fuel subsidy by the federal government. Kayode described the new levies as 'additional hardship on the oil marketers as sales dropped drastically after the removal of the fuel subsidy by the government.

 

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