Nigeria, Oct. 14 -- The Centre for the Promotion of Private Enterprise (CPPE) has said the Nigerian Government's fuel price relief initiative through the Nigerian National Petroleum Company Limited (NNPC) does not amount to a reversal of the fuel subsidy removal policy.

The centre described the intervention as a temporary response to an extraordinary global energy shock, not a return to the previous subsidy regime, which placed a significant financial burden on the government.

In a statement issued on Tuesday, Muda Yusuf, the CEO of the organisation, said attempts to portray the initiative as a policy reversal are misleading, noting that the recent spikes in petroleum product prices were primarily driven by geopolitical tensions that ha...