Nigerian oil industry lacks transparency, good governance – AfDB

The Nigerian oil and gas industry lacks transparency, accountability and good governance, according to a report by the African Development Bank, AfDB.

The AfDB, in its African Economic Outlook for 2013 and 2014, further lamented that Nigeria’s economy is dependent on sectors that are either climate sensitive or contribute to climate change, such as oil and gas, as well as agriculture, forestry and fisheries.

The report said that the Nigerian environment is increasingly threatened by natural disasters, such as drought, desertification and floods, which have threatened the livelihoods of farmers and food security in recent years.

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About Author: Integrity Org

Integrity Organization is committed is an anti-corruption, research and advocacy organization. Its activities are centered on the aim to reduce the tolerance for corruption in Nigeria.

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