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Nigeria Gets $3 Billion From $75 Billion Invested In Africa’s Oil, Firms Lament by Harperes: 8:18am On Mar 19, 2021 |
Oil companies operating in Nigeria have rued the retention of only three billion dollars out of an estimated $75 billion investment in the oil and gas sector in the Sub-Saharan Africa countries in the last few years. The firms stated this in a virtual meeting organised by the Oil Trade Section of the Lagos Chamber of Commerce and Industry (LCCI) with the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Dr. Ogbonnaya Orji. Chair of the Companies Forum, Bunmi Toyobo, said the meeting was to review the visions of Orji and areas of support needed to deliver on his mandate. Toyobo urged NEITI to within the constraint of its mandate support the growth and investment drive in the industry. Orji expressed regrets over the complaints by oil companies of Nigeria’s investment losses. |
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