#PFMDAILY 8: Nigeria loses $1.6billion (N576billion) yearly due to neglect in oil deals.

Nigeria loses $1.6billion (N576billion) yearly due to neglect in oil deals..

NEITI keeps reporting on the need to renegotiate our production sharing agreements in the oil sector but the Federal Government refuses to engage the oil companies for the negotiation.

Nigeria loses $1.6billion (N576billion) a year for this neglect. For ten years, we lost $16billion. Yet, we are borrowing to fund the federal budget.

Who will tell Mr. President to take action? Who shall we send to convince him to plug the leaks?

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