Bismarck Rewane backs refinery subsidy model to cut fuel costs

Nairametrics | 05-04-2026 11:55pm |

Renowned economist and Managing Director of Financial Derivatives Company, Bismarck Rewane, has proposed a shift in Nigeria’s fuel subsidy framework, advocating a refinery-based model that channels benefits directly to consumers. Speaking during a session on Nairametrics TV, Rewane argued that Nigeria’s resource endowment and strategic location provide a strong foundation for a more efficient subsidy system anchored on domestic refining. He

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