By Ediri Ejoh
Nigeria may have lost about $64 million (about N2 trillion) between the second quarter of 2015 and the first quarter of 2017 to poor metering of its oil wells.
As part of the efforts to curb corruption in the oil and gas industry, former administration of President of Goodluck Jonathan had approved the 2014 Weight and Measures Act which marked the commencement of the computerised metering system of oil wells under the Ministry of Industry, Trade and Investment in 2015.
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Source: http://www.vanguardngr.com/
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May 24, 2023 No Comments
