NNPC And Unremitted Billions Of Dollars

 By Jide Oyewusi

If there is a company all Nigerians must focus all their attention on and demand a transparent accountability from if Nigeria is ever going to move forward or make any meaningful progress, it is none other than the Nigerian National Petroleum Company Limited.

This is because even before independence, Nigeria’s major foreign exchange earner has been oil and so with the establishment of the NNPC, the company on which the major tripod of nation’s resources stand was born. The Nigerian National Petroleum Company (NNPC) was established on April 1, 1977 and later transformed into a limited liability company in July 2022 following the Petroleum Industry Act of 2021.

Niger Delta: Letter To The President

By Jide Oyewusi

Your Excellency, ever since the discovery of crude oil in the Niger Delta region in 1956, the fortune of Nigeria as a nation has never remained the same, especially from 1958 when Nigeria’s first oil field came on stream.

The discovery of the black gold by Shell BP, the sole concessionaire at the time has led to some level of development in the country even though a far cry from what ought to be considering the huge resources that have accrued to the nation from the oil trade.

So while many view the discovery of oil as a blessing in view of those developments achieved especially during the oil boom era of the 70s, some would rather see the discovery of crude oil as bringing nothing but doom to the nation.