BusinessDay 18 May 2020

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news you can trust I ** monDAY 18 may 2020 I vol. 19, no 565

Despite FG’s assurance, petroleum downstream sector awaits full deregulation ISAAC ANYAOGU (Lagos) & HARRISON EDEH (Abuja)

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No respite for businesses 2 weeks after ease of lockdown See story on page 31

T

he Federal Government on Thursday said that it had deregulated the downstream petroleum industry. It, however, said it would continue to intervene in determining the pump price of the Premium Motor Spirit (PMS), also known as petrol, to protect the consumer – in violation of the basic concept of deregulation. In a deregulated environment, experts say market forces determine prices and governContinues on page 31

Inside

What NCDC’s partnership with private labs means for Nigeria’s COVID-19 effort P. 30

A logjam caused by the enforcement of interstate travel ban by security men on the Abuja-Kaduna highway at Madalla, a boundary town between the FCT and Niger State, on Friday. NAN


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