Big Oil majors operating in Nigeria owe the state $4 billion, a government official has said, as quoted by Reuters. "International oil companies are expected to pay 3% of their annual budget to NDDC [the Niger Delta Development Commission] as their major income but they have been defaulting for a long period of time," Tayo Alasoadura told media. "Efforts are being made to get the outstanding payments, which is up to $4 billion from them. All of them are owing," the official added. Foreign oil companies operating in Nigeria include Exxon, Shell,…
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