The Fading Nigeria’s Infrastructures
When the past was more exciting than the current, you see a fading nation: "The Federal Government of Nigeria has acknowledged the dire state of the country’s oil pipeline infrastructure, revealing that the Nigerian National Petroleum Company Limited (NNPCL) lacks the financial capacity to undertake the necessary repairs and upgrades...Lokpobiri [Minister of State for Petroleum Resources (Oil)] highlighted the critical need to overhaul Nigeria’s oil pipeline network, which has suffered decades of neglect and corrosion. Most of these pipelines, constructed in the 1960s and 1970s, have far exceeded their intended lifespan."
So, what is the whole idea of the PIA bill or law which was heralded to transform the sector? Can they list NNPCL in the Nigerian stock exchange? What is stopping the nation from doing that since we do not have the financial resources to fund the development of new oil wells and modernize our pipelines?