Mr Bank-Anthony Okoroafor, former Chairman, Petroleum Technology Association of Nigeria (PETAN) has urged the Federal Government to send the new Petroleum Industry Bill (PIB) to the National Assembly.
Nigeria under the watch of President Buhari’s APC administration appears to be facing a suppressed financial crisis.
The Nigeria Extractive Industries Transparency Initiatives (NEITI), says Nigeria earned 21 billion dollars from the oil and gas sector in 2017.
Stakeholders in oil and gas rich Esit Eket local government area of Akwa Ibom State have cried out that their living conditions do not reflect the enormous resources being extracted from the area buy oil and gas companies and the huge revenues the companies pay annually to government.
“But it seems to me discovering oil in the north will bring no real economic value to Nigeria, apart from ego massage and the possibility of local refining and consumption,” Azibaola Robert writes in Opinions.