• Monday, December 23, 2024
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BusinessDay

Crude divestments, transparency & urgent reform

Nigeria’s oil rigs plummet 27% amid 2m bpd output target
Upon the inauguration of the present administration on May 29, 2023, there was a pervading expectation of movement towards far reaching economic reforms to urgently address Nigeria’s ailing economy. This was associated with the fact that the Tinubu regime campaigned on a “Renewed Hope” theme and was expected to move to stem several years of perceived poor management against the backdrop of historical success running Lagos state as governor. Earlier this year, the President issued five executive orders whose main objective was to reduce ti