Ambivalence is one of the first words that comes to mind when thinking about the state of Nigeria’s oil sector. Endowed with a truly tremendous resource base, it seems that Nigeria’s deficiencies do not grow smaller with time and only become cluttered with even more complex dilemmas. Take, for instance, Nigeria’s elections this year which have propelled a relatively pro-market Petroleum Minister Timipre Sylva, eager to increase foreign direct investments into the Nigerian energy segment by decreasing the state’s participation…
