A journalist and a lawyer have called for open licensing to drive competitiveness in the petroleum downstream sector and enhance market accessibility.
They made the call at the a media roundtable organised by Extractive360, a media outlet, in Abuja, on Wednesday.
Presenting the welcome remarks, Juliet Ukamwosu, executive director, extractive360, said the Nigerian petroleum downstream sector is navigating a complex phase marked by both opportunities and challenges.
She said the sector’s current state is characterised by fluctuating product prices, high operating costs, irregular foreign exchange rates, import dependency for refined products, and infrastructural bottlenecks.
Ukamwosu noted that key challenges in the sector include price volatility, infrastructural bottlenecks, aging infrastructure, lack of investment and import dependence, among others.
Presenting the welcome remarks, Juliet Ukamwosu, executive director, extractive360, said the Nigerian petroleum downstream sector is navigating a complex phase marked by both opportunities and challenges.
She said the sector’s current state is characterised by fluctuating product prices, high operating costs, irregular foreign exchange rates, import dependency for refined products, and infrastructural bottlenecks.
Ukamwosu noted that key challenges in the sector include price volatility, infrastructural bottlenecks, aging infrastructure, lack of investment and import dependence, among others.
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Source: businessday.ng
