THE effect of plummeting crude oil
prices may have hit hard on the global economy, as the Organization of
Petroleum Exporting Countries (OPEC) yesterday declared that about
100,000
people have lost their jobs to the situation. Meanwhile, industry sources told
The Guardian that about 21,000 people working across the oil and gas value
chain have already got their employment terminated in Nigeria.
According to the source, the
industry has suffered major setback in the last few years due to the
controversies trailing the nation’s oil and gas sector reforms particularly the
Petroleum Industry Bill (PIB).
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