President Muhammadu Buhari on Monday in London signed the amended Deep Offshore Act. The president in his statement that was made available by his Senior Special Assistant on Media and Publicity, Mr Garba Shehu,blamed Nigerian politicians and oil companies for conspiring over the years to deny the country commensurate revenue from oil production and sales, particularly taxes. He noted that for many years, taxes were kept at the “barest minimum above $20 per barrel.” The President said, “Today is an important day for all Nigerians, but particularly the young generation. “Today I signed into law the amended Deep Offshore Act. Nigeria will now receive its fair, rightful and equitable share of income from our own natural resources for the first time since 2003. “In that year oil prices began a steep increase to double, and at times, triple over the following decade. “All this […]