Government Demands Tax When Questioned About Crude Oil - Economist
May 30, 2013
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10:06Now PlayingGovernment Demands Tax When Questioned About Crude Oil - Economist
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as posted by the channelMr Nweze also hinted at corrupt and unprofessional practices in the crude oil industry in Nigeria, describing it as a 'huge mess'.
"If you are familiar with what goes on in the industry, you will feel sorry for this country and how the main source of national revenue (is run)... there's huge corruption in the system," he said.
He said that if the current administration can regularize the abnormalities in the sector, it would be recorded as a major plus. "If they are able to clean that up, that's a huge plus," he added.
He implied that majority of the contractors who do business at the federal level of government buy bids from 'friends' who have 'connections in Aso Rock. For more information log on to www.channelstv.com.
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