INTERVIEW: Only negotiations can resolve Nigeria’s $62 billion controversy with IOCs - Sylva

INTERVIEW: Only negotiations can resolve Nigeria’s $62 billion controversy with IOCs - Sylva: He spoke on various issues including the plan to give Nigerians alternative to petrol as fuel for vehicles, Petroleum Industry Bill.

Blogger's Comment

Illuminations of Naivety.

The earlier the Minister of States for Petroleum Resources secures the services of a Lawyer (not just a Lawyer, but one with a background in Energy Law), the better for him and his ministry. You don't negotiate in a vacuum. You negotiate within the parameters of the contractual framework structured by the parties. That framework rules. He appears so defeatist, and I can say without any equivocation that he doesn't have a good understanding of the transaction in question. The terms of the contract are not in dispute, why canvasing a contrary approach to financial settlement?