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Nigeria sets out on oil reform to curb corruption

The country's new president promises reform in oil policy and a war against the corrupt practises in the African nation

Muhammadu Buhari, who will take office as Nigeria’s president at the end of May, has a vision for the country’s troubled oil industry. With an end to terrorism in the Niger Delta and a culture-change war against corruption, investment will flow in and oil production will rise. Local oil-service companies will grow, environmental problems will be addressed — and rising tax receipts will make up for the fall in oil prices. Buhari has form as a decisive leader. As oil minister in the late-1970s he foresaw the competition Nigeria would face from North Sea oil, and introduced sharper marketing arrangements to challenge it. Less creditably, when head of a military government in the mid-1980s he w

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