Ikem-Obih said, “We’re lean on capital, which is why we’re hoping that the private-sector people come and partner with us. A lot of work is going on.”
Browsing: Mr. Henry Ikem Obih
“What happened, in simple language, is a rebalancing of the margins allowed and approved for stakeholders. So what the Petroleum Products Pricing Regulatory Agency, PPPRA, did was to take N1 from lightering expenses and add same to the bridging allowance. That is how we arrived at N7.20. Therefore, PMS remains at the ceiling of N145 per litre,” he said.
