Nigeria Seeks to End Corruption in Oil Industry

By Gilbert da Costa
Abuja

An audit to enhance accountability and transparency in Nigeria's oil industry has been launched. For VOA, Gilbert da Costa reports that while oil firms and politicians have benefitted from oil revenues, the wealth has not trickled down to ordinary citizens.

The United Nations says despite hundreds of billions of dollars in oil revenues, about 70 percent of Nigeria's population of 140 million live on less than $2 per day. The World Bank estimates about $300 billion of government oil funds are unaccounted ...

 

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