Experts raise concern over Nigeria’s N1.4tr subsidy under-recovery

The experts, including the President of Nigerian Association for Energy Economics (NAEE), Prof. Wumi Iledare and Professor of Energy Economics, Adeola Adenikinju, said unless there was a total deregulation of the country’s downstream petroleum sector, addressing inherent challenges in the industry, particularly attracting investors, would remain elusive.

Speaking at a pre-event press conference on the association’s 11th international conference, which starts in Abuja today, the experts said the rising under-recovery is also creating a glut in the nation’s economy in the long term.