Friday 9 October 2015

REWANE, OTHERS SEEK REVIEW OF PETROLEUM SUBSIDY

141112F.Bismarck-Rewane.jpg - 141112F.Bismarck-Rewane.jpgThe Chief Executive Officer of Financial Derivatives Company Limited, Mr. Bismarck Rewane, and other discussants at a one-day conference held yesterday in Lagos on ‘Oil Subsidy Regime and National Economic Health,’ have called for a review of the subsidy regime to ascertain its sustainability and relevance to the welfare of all Nigerians.

Delivering a paper on ‘Oil Subsidy and Implications for National Economic Growth’ at the conference, which was put together by the School of Media and Communication, Pan-Atlantic University, Rewane noted that with the drop in the price of crude oil by over 50 per cent, it has become imperative for the government to review the subsidy scheme


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