Nigeria’s oil and gas industry is so badly mismanaged by the Federal Government which has total control over it, that even a free-fall in oil prices has been unable to get the bureaucrats and politicians overseeing the sector to advance long needed reforms.Brent crude, the international benchmark, plunged 28 percent since June to $82.95 a barrel Friday, as the shale boom lifted U.S. production to the highest in at least 31 years and global demand slowed.
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