Why NNPCL’s decision to lease instead of sell refineries spells doom – By Magnus Onyibe

Why NNPCL’s decision to lease instead of sell refineries spells doom – By Magnus Onyibe …C0NTINUE READING HERE >>>

For a long time, I have advocated for the federal government to privatize the oil and gas sector, which has been tightly controlled since oil was first discovered in commercial quantities in 1956 in Oloibiri, now in Bayelsa State. I reiterated this point in my column last Tuesday, August 27th, in an article titled “Understanding the Toxic International Petrol Politics in Nigeria,” where I shared the following perspective: “Currently, there are five fully operational modular…

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