Starting from 29 May 2023, when President Bola Tinubu announced the removal of fuel subsidy, the movement of the price of the commodity (PMS or petrol) has been like a yo-yo: literally shooting through the roof, at times.
Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, announced the breakthrough on Tuesday, saying the settlement brings an end to years of litigation and competing financial claims involving MMA2, the General Aviation Terminal (GAT), concession fees and the abandoned airport hotel and conference centre projects.