Stakeholders in the oil and gas sector say that unless the discretionary powers given the president of Nigeria to award oil acreages in the petroleum laws are reversed, the purported reforms in the oil and gas sector will amount to a charade.
Power to consider oil acreages for award in Nigeria, rests with the Petroleum Minister but the President is empowered to exercise his discretion in their award, with recourse only to his whim, a practice they consider an aberration and strange among oil producing nations.
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