Friday, July 8, 2016

Video - Shake up in Nigeria’s petroleum sector to revitalize oil & gas sector

Nigeria's President Muhamudu Buhari recently removed his petroleum minister Ibe Kachikwu as group managing director of state owned NNPC. Kachikwu would now chair a newly reconstituted board that will oversee the management of NNPC. 70% of government revenue comes from oil and gas exports managed by NNPC but the institution has been variously accused of being opaque and inefficient.

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