Nigeria Tries To Revive A Zombie Project

Nigeria’s oil industry has been confronted with a plethora of challenges – endless litigation, social unrest, majors regularly mulling a country exit, and all this against the background of a genuine societal demand to make oil revenues more equitable, more accessible and transparent. Whilst the recently adopted Petroleum Bill might be utilized to the resuscitation of NNPC, the soon-to-be full-blown national oil company, or the restart of the country’s idled refineries, there is every reason to believe that Nigeria might misallocate…