Privatising NNPC’s pipelines can save Nigeria N59bn yearly

Adopting a private-sector-led model like Saudi Aramco can save Nigeria about N59 billion annually spent maintaining its network of over 7,000km pipelines across the country. Instead of spending its cash alone on pipeline repair and maintenance as the Nigerian National Petroleum Corporation (NNPC) is doing, Saudi Aramco is inviting investors to share the cost and…