THE Federal Ministry of Finance has assured Nigerians that the high prices of petrol following the January 1, 2012 full deregulation of the down- stream sector would come down drastically with the new fuel delivery arrangement.
Also, the ministry has begun a meeting to fulfil one of the shortâ€“term plans of the subsidy re-investment and empowerment scheme, the procurement of mass transit buses that are to serve as cheap means of transportatio
The Permanent Secretary in the Federal Ministry of Finance, Danladi Kifasi yesterday told The Guardian: â€œIn less than two weeks now, I assure you the prices of fuel will fall, by which time the supplies by the new investors who are already attracted by the new development arrive. This is not to talk of when the investors begin to build their own refineries locally here.â€™â€™
It was also learnt yesterday that modalities for the procurement and distribution of mass transit buses had commenced with members of the committee meeting on the first working day of the year to fineâ€“tune the strategies for action.