Related Articles
Forward article link
Share PDF with colleagues

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

Also in this section
Interview: Energean's Mathios Rigas targets East Med success
19 July 2018
Energean’s boss reveals the secrets of his small company’s big success in the Eastern Mediterranean
Serica sanguine on Iran sanctions
13 July 2018
The firm's historic links to Iran are in the spotlight as US sanctions resume
The return of cautious optimism in the North Sea
13 July 2018
The UK’s North Sea hub, braced for production declines, has received a boost from new investments and revived interest from the supermajors