Liquidation Of The TOR Debt: Why Securitization Is A Better Option Than Recovery Through Petroleum Prices

"The Legislative Alert argues the current system of levying taxes through fuel price to pay the Tema Oil Refinery Debt is seriously flawed. Not only is the process cumbersome and inefficient, but it also puts an unnecessary burden on consumers. The paper suggests that a tidier, more pragmatic, and more effective way of liquidating would be for government to take over the debt, scrutinize it, use the proceeds to pay the creditors and redeem the securities over time."