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HUGE REVENUE LOSSES TO THE FEDERATION: Did You Know? Nigeria Lost At Least $16bn over a 10-year period (between 2008 & 2017) due to Non-Review Of 1993 PSCs
goo.gl/mmMNGF.
Peep: @Open_Oil @pdfnigeria @simonkolawole @DrJoeAbah @Omojuwa @BBoason @seunonigbinde @HamzyCODE
goo.gl/mmMNGF.
Peep: @Open_Oil @pdfnigeria @simonkolawole @DrJoeAbah @Omojuwa @BBoason @seunonigbinde @HamzyCODE
This is a a quantitative study by NEITI with support from @Open_Oil. This study indicates that the losses could be up to $28 billion if, after the review, the Federation were allowed to share profit oil from two additional licenses.
#1993PSCs.
@Johannxs @Mark_EITI @Brian4Dev.
#1993PSCs.
@Johannxs @Mark_EITI @Brian4Dev.
By virtue of the provisions in Section 16 of the law governing the PSCs, the PSC contracts ought to have been reviewed first, in 2004 (when real oil prices exceeded $20 per barrel).
#1993PSCs.
#1993PSCs.
