Why bill was taken to Buhari in UK for assentHistory was made in the petroleum sector of Nigeria’s economy on Monday, October 4, 2019, when President Muhammadu Buhari in faraway London, United Kingdom, assented to the amended Deep Offshore and Inland Basin Production Sharing Contracts Act. Following the development, what has the country lost, stands to gain? The answers are tucked in this piece.
By Levinus Nwabughiogu
It is either you consult the archives, surf the net or embark on a journey of a good mental research and calculation to recall the last time Nigeria’s crude oil was sold at $20 per barrel in the international market.
Undoubtedly, it will also be a Herculaneum task to recall whether the government of former President Olusegun Obasanjo, at the dawn of democracy in1999, or that of erstwhile President Goodluck Jonathan, from 2010 to 2015, experienced the sale of crude below $20.
If anything, many Nigerians will remember that Jonathan’s regime witnessed a…
Source: Vanguard Newspaper
