Ventures Africa: Is Nigeria's President on the Right Track to Cleansing its Oil and Gas Sector?

Over two decades, Nigeria’s oil sector has been plagued by corruption, crude oil theft and massive fraud as all efforts by the past administration to eradicate this menace yielded little or no result. However, Nigeria’s new president, Muhammadu Buhari, who has been in office for the past seven weeks, has decided to take measures towards improving Nigeria’s oil and gas sector.

In a meeting with senior officials of Chevron last week, President Muhammadu Buhari said that his administration would implement far-reaching reforms to boost accountability and transparency in Nigeria’s oil and gas industry. But how far is Buhari willing to go to cleanse Nigeria’s oil and gas sector?

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