Views: 237, Date:02/Dec/2015


Can Nigeria's president defeat oil industry corruption?

Nigerian President Muhammadu Buhari took power promising to tackle the "mind-boggling" level of corruption in his country's oil industry. But can he succeed?

Although oil is said to account for 75% of the Nigerian economy, no-one knows how much the country actually produces or refines because hundreds of thousands of barrels of oil are stolen every day, at each level of the supply chain.

President Buhari has taken personal control of the oil ministry and split the state-owned NNPC oil company into two entities in a move aimed at reducing corruption.

 

Source: http://www.bbc.com/news/world-africa-34580862

 





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