Nigeria: Discrepancies in Oil Production, Revenue, Blamed On Weak Regulation

4 June 2013

Reactions have continued to trail a recent study by Revenue Watch Instituted (RWI), which ranked Nigeria weak among the world's 58 countries covered in a survey conducted on transparency and accountability, in the governance and management of their oil, gas and mining sectors.

The Institute noted in the report that over 80 per cent of the world's leading oil and gas-producing and mining countries, including Nigeria, failed to meet "satisfactory standards" for managing their natural resources.

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