With N30tn Losses to Petrol Subsidy and Oil Theft, NEITI Calls for Tracking of Nigeria’s Crude Swap Deals

As Nigeria continues to count losses to its controversial petrol subsidy policy, oil theft and non-functional refineries to the tune of over N30 trillion, the Nigeria Extractive Industries Transparency Initiative (NEITI) on Thursday called for a transparent tracking of the country’s crude swap policy, currently overseen by the Nigerian National Petroleum Company Limited (NNPC).