He, however, said the prospects will improve when more selfless and competent leaders arrive on the social, political and economic scenes.
President of Dangote Group, Aliko Dangote and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) alongside Nigeria National Petroleum Company Limited (NNPCL), were locked in a messy dispute, ranging from monopoly allegations to supply of crude the refinery, substandard fuel imports and ownership of blending plants in Malta.
Moghalu, a former deputy governor of Central Bank of NIgeria (CBN), said it is deeply unfortunate that Nigeria has been experiencing economic failure due to loyalties to vested interests and unholy ties between “business” and government.
