Nigeria relies largely on proceeds from crude oil and gas for its foreign revenue. Until the country is able to transit from being oil reliant to a non-oil economy, the authorities must do everything necessary to protect the petroleum industry from any form of unnecessary intrusions and distractions. The PIA, 2021 was enacted to enhance the business landscape and to provide a more transparent, efficient and investment-friendly regulatory framework for Nigeria’s petroleum industry. Nothing should be allowed to stall that resolve.
Too many cooks spoil the broth. This is an age-long adage which presupposes that if too many persons or entities are involved in a task or activity, it most likely would not turn out well; as the chances of compromise in its quality and execution are high. This cannot be truer elsewhere than it is at Nigeria’s crude oil and gas export terminals, where a coterie of agencies, in apparent disregard of extant laws, have been spoiling for…