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    Reuters: Nigeria's Buhari Should Sell Stakes In Oil, Gas JVs

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Summary

The chairman of Seplat, ABC Orjiako, says the Nigerian government should sell its oil and gas joint venture stakes to better focus its attention on tax

by: Erica Mills

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Press Notes, Africa

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Reuters: Nigeria's Buhari Should Sell Stakes In Oil, Gas JVs

Nigeria's new government should sell its stakes in joint ventures in the country's energy industry, the chairman of Seplat Petroleum said on Monday, adding his company would be interested in buying, especially in the gas sector.

Through Nigeria National Petroleum Corp (NPCC) the government owns shareholdings in a number of joint exploration and upstream ventures with international oil companies.

Selling the stakes would help the government focus on areas like tax collection, while strong private sector involvement in industry would help spur economic growth, Seplat Chairman and co-founder A.B.C Orjiako told Reuters.

Read the full article HERE.

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