Tales through Peter Uzoho
Emerging gasoline and shipping prices, power safety and pageant will dominate discussions as Oil Buying and selling & Logistics (OTL) Africa Downstream Power Week marks its twentieth anniversary with the impending 2026 version.
The anniversary version themed “Safe Power, Shared Prosperity,” will cling in Lagos, bringing in combination policymakers, regulators, buyers and operators to inspect how Africa can translate its increasing refining capability into dependable provide and inexpensive power at a time families and companies are below drive.
Chairman of OTL Africa’s Advisory Board, Mr. Adetunji Oyebanji, instructed the government to steer clear of a go back to petrol subsidies and focal point aid on spaces the place Nigerians harm maximum, in particular public transportation.
Oyebanji warned that suppressing pump value to ease hardship may just cause shortage, diversion of goods to higher-priced markets and weaken investor self belief within the downstream sector.
He stated the federal government will have to goal interventions at ache issues somewhat than distort pricing.
He stated supporting shipping operators would at once scale back fares for commuters whilst protecting marketplace steadiness.
Oyebanji said that deregulation has uncovered customers to better costs however famous it has ended lengthy queues and provide disruptions that characterized regulated pricing.
He cautioned that synthetic value solving would punish buyers who borrowed closely to construct refineries and infrastructure at the expectation of value restoration.