THE prospects are frightening if the early indications are true that the Presidency is primed to turn its attention to Nigeria’s national oil assets as part of its drive for increased revenue. The tentative framework of the plot of the regime which is currently being debated in not too hushed tones among industry players should be of concern to all Nigerians. Unless something gives, and quickly too, the possible wasting, I am loath to say plundering, of a critical section of that industry could be likened to the infamous and historic activities elsewhere in the world of pirates in the 17th and 18th centuries. But there’s a difference here. The buccaneers and pirates of the gone by centuries virtually personally sent themselves on missions to the high seas to plunder. But in this case, those who may be mandated to sell off Nigeria’s oil assets may claim, and perhaps rightly so, that they are fulfilling their campaign promises of 2023. They could hide under the cover of being promise keepers.
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