i think that as with everything in nigeria, the leadership seems to gain more if the collective citizenry lost out in any venture. otherwise, what is the explanation for so much crude export? i think the foreigners are merely fronts for some nigerians 'who own nigeria'. [although the oil was found by foreigners.] i still believe our engineers can construct and man our refineries without foreign intervention. and we have super enterpreneurs who can invest in the oil industry and ship builders who can design and construct the vessels required in the industry at least for transportation if we must export. not forgetting hundreds of young engineers who can be applied to the industry. but with the level of revocations and somersaults that the federal government engages in with regard to multi-billion naira investments and concessions by nigerians so far, no sensible nigerian investor will venture into that field. government policy changes with the next constituted government in nigeria and so investing in the oil industry will require predicting the election results for at least fifty years with the emerging candidates, then employing a special company to do 'PR' with the unborn candidates. having seen the challenges, most nigerian firms are oil servicing companies who service our 'foreign local oil industry' to get the crumbs as it's even bettter to deal with the foreigners if consistency is to be taken into consideration. as for passing regulatory laws, we have not enforced the laws in existence and yet we are looking for more [another nigerian problem]. a universal adage goes that: 'if you do not know where you are coming from, you cannot know where you are going to'. nigeria simply needs at least a redirection and reformation of the oil and gas industry. and only a determined government can attempt or achieve that.
e-mail: pioneer183@yahoo.co.uk
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