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NEITI calls for review of 1993 PSCs as FG loses $16bn to non-review

Nigeria Extractive Industries Transparency Initiative (NEITI) in its latest study and report has revealed that Nigeria lost at least $16 billion over a ten-year period (2008 – 2017) due to non-review of the 1993 Production Sharing Contracts (PSCs) with oil companies. The study, which was done in conjunction with Open Oil (a Berlin-based extractive sector…

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