Investors have drawn back deals of over $150 billion meant for Nigeria’s oil and gas industry over the incessant pipeline vandalism and uncertainty in the country’s oil and gas regulatory policies and laws, investigation by New Telegraph revealed at the weekend. While $125 billion out of the sum is snagged by the fiscal instability, significant gaps and uncertainties in the oil and gas regulatory policies and laws, the incessant pipeline vandalism is responsible for the remaining $25 billion.
Read more @ New Telegraph
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