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Nigeria Losing Billions Yearly For Not Giving 211 Oil Blocks To Investors - Business - Nairaland

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Nigeria Losing Billions Yearly For Not Giving 211 Oil Blocks To Investors by samueloduoye(m): 9:37am On Apr 09, 2019
Considering Nigeria’s reliance on the oil and gas industry, one would expect that the Federal Government would do everything to ensure 100% productivity in the sector. However, the reverse has been the case, with the situation getting worse with each passing year.

One challenge is the insecurity and gas flaring that have restricted daily production to 2 million barrels per day, but government’s reluctance and a poor approach to revitalising the sector has a much worse effect.

Nigeria has seven basins, namely Anambra, Benin, Benue, Bida, Chad, Niger Delta...

Read full article here: https://qwenu.com/2019/04/08/nigerias-oil-industry-confined-to-50-output-as-over-200-oil-blocks-remain-inactive/

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