Nigeria’s federal government representation to drop in this year’s OTC

Nigeria’s federal government presence in this year’s Offshore Technology Conference (OTC) is to drop drastically according to a source close to the matter. For more than a decade the number of federal government representative attending OTC especially from the oil and gas sector and the ministry of petroleum has been alarming. The matter is now of grave concern to the government.

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Analysts look at the move as another strategy for government to curb corruption, capital flight and reduce unnecessary expenditures. While some still look at it as a move by government to create a home-grown summit which they hope with time will gain an international traction