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Face Off: Is The Oil Sector Growth Stalled By Incompetence Or Political Interference Pt 5
Posted
August 19, 2015
Views
302
August 19, 2015
302
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7:46Now PlayingThe era of accountability has been beckoning and now it is here.
Since assumption of office, President Muhammadu Buhari has so far left no one in doubt in his resolve to curb corruption and re-position Nigeria.
For example in the Nigerian National Petroleum Corporation (NNPC), series of administrative changes have been effected by the president .
Recently, he dissolved the ten-member board of the corporation and sacked heads of subsidiaries.
The NNPC has been described as the 'engine room' of corruption in Nigeria, with allegations of staggering sums of unremitted funds to the Federation Account.
Discussants on Face Off consider the stalled oil and gas growth, as a product of incompetence or political interference.
A Chartered Account, Alesta Wilcox says it is a problem of internal corruption while Sam Olisa, an economist dwells on political interference as cause of hindered growth.
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