Tag: IOCs

Energy

NEITI confirms Nigeria loses $16bn to PSCs in 10 yrs

By Olatunde Dodondawa The Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that Nigeria lost at least $16 billion in 10 years due to non-review of the 1993 Production Sharing Contracts (PSC) with oil companies. This was contained in NEITI’s latest report titled “The Steep Cost of Inaction” released in […]