26 June 2018, Sweetcrude, Abuja — A financial integrity watchdog, Publish What You Pay (PWYP), today lamented that Nigeria is losing…
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The group’s recommendation is coming on the heels of the 2013 oil and gas sector audit report released recently in Abuja by the Nigeria Extractive Industries Transparency Initiative (NEITI), which highlighted the fact that the country lacks accurate oil production measurement system, leaving the country to rely on data provided by the operating companies, a development, it pointed out, that is a source of revenue leakage.
The coalition also called on government to expedite action on setting up modular refineries so as to achieve local refining sufficiency in order to save Nigerians from the constant suffering and frequent increase in the fuel price.
