The Nigerian Upstream Petroleum Regulatory Commission, one of the two new regulators in the nation’s oil and gas industry, has told oil and companies operating in the country to pay their royalties as and when due.
He described as critical the stakeholders’ engagement session between the commission and the Indigenous Petroleum Producers Association, led by its Chairman, Mr Abdulrazaq Isa. “So, in the same manner, we enjoin you to reciprocate all that by being very compliant with the provisions of the Act; pay your royalties as and when due. On our part, we will ensure a very good partnership between us.”
Yes, so that the pot belly politicians can cash out before Christmas.