This article examines the downstream sector of the Nigerian oil and gas sector has in recent times, it has being operating at crossroads. With the huge amount of money spent by the Federal Government of Nigeria on subsidizing petroleum products into the country is causing economic dislocation....

The recent calls for the revival of the Oil Price Stabilization Fund (OPSF) are tantamount to a call for a policy reversal, that is, reversal of the downstream oil industry deregulation that began in 1998. The history of the OPSF presents important lessons for policymakers. Petroleum price...