Bureaucracy stunts 60% of Nigeria’s oil blocs

ExxonMobil, Shell others to divest from 26 oil blocs in Nigeria

At least 60 percent of Nigeria's oil prospecting blocs remain idle, more than two years after the landmark Petroleum Industry Act (PIA) was signed into law, a development experts say is adding to deny the country the much-needed revenue. Data sourced from the Nigerian Upstream Petroleum Regulator

```

Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```