Those who put together the signed bill seem to have revenues from crude oil, for distribution, in mind rather than government independence from oil. A time when Nigerian oil men are sought, the way Nigerian doctors are employed all over the world. Did the PIA help envisage a time when we stop the export of crude oil and export only refined products? I mentioned earlier that we might have to drink’ our crude oil, indeed there is a positive value-adding way for us to consume our oil. How do we make sure this Act does not put limits to a Nigerian Elon Musk emerging to disrupt the energy industry.

Source: Punch January 04, 2022 05:09 UTC