NIGERIA AND THE CURSE OF OIL – THISDAYLIVE

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NIGERIA AND THE CURSE OF OIL Nurudeen Dada argues that the speaker of the House of Reps has done his bit to restore sanity to a rotten system For years, the nation’s

Nurudeen Dada argues that the speaker of the House of Reps has done his bit to restore sanity to a rotten system For years, the nation’s petroleum sector was opaque, smeared with dirty deals. From the military government to their civilian counterparts, the opaqueness gave ample room to massive grafts which impeded the growth of the sector and indeed, the nation’s economy.

The National Assembly, especially the House of Representatives has investigated various scams under the nation’s petroleum subsidy regime. In the Seventh National Assembly, the Speaker, Femi Gbajabiamila as the minority leader of the House, headed the House of Representatives ad hoc committee investigating claims by the Asset Management Company of Nigeria about the N140.9bn debt owed by major oil companies.

 

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