Landing Cost: Free At Last!

Contributing sentiments towards policy:

56% : Licences were given to oil industry players to build refineries.
52% : Revelations from the previous administration's power play and how institutions were weakened for private gain have not helped matters either, and the new appointments in the NMDPRA and NUPRC are obvious moves on the oil industry chessboard.
50% : But alas, just the way FG refineries were run aground and left underground, the power players in the oil industry came for Dangote refinery.
49% : Well, courtesy the man you love to hate, the landing cost of petrol is no longer calculated from around the world to our cars - ramping up all sorts of charges along the way - but from Lekki free trade zone, powered by cheaper transportation to our vehicles.
48% : If the tax is charged on oil imports, the petrol from importers will hit 1000 naira on the streets, while that of Dangote will be 200 to 300 naira cheaper!
47% : The free trade zone at the Ibeju Lekki area, where Dangote refinery is housed, and the re-enactment or facilitation of the naira for crude deal between Dangote refinery and the FG, to mention some of President Tinubu's efforts.
46% : I have long been an enthusiast of the arrival of a new entrant in the oil industry and a refiner at that after decades of fraudulent importation regimes.
46% : Dangote refinery will not be charged the 1 tax because this is a local product.
44% : Ironically the people are for stricter regulation.
43% : Why are we subsidising fuel import by dropping 15% tax on it, thereby losing government revenue?
42% : As a fall out and a long overdue overhaul, the oil industry has now gone through a complete shake up with or without Dangote's petition.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.