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Despite the provisions of the Petroleum Industry Act (PIA), stakeholders have expressed worry that policy flip-flops by the Federal Government, as exhibited in the ExxonMobil
Despite the terms of the Petroleum Industry Act (PIA), stakeholders have voiced concern that the Federal Government's policy reversals, as
Buhari’s administration is trying to reverse dwindling production and attract major investment into the sector that generates more than 90% of export earnings.
Nigerian President Muhammadu Buhari’s flip-flop over the sale of Exxon Mobil Corp.’s assets could discourage investment in Africa’s largest oil producer in the wake of industry reform meant to grow the sector.