Nigeria has adopted the Finance Act 2020. A step which unacquainted with the phenomenon might seem completely innocent yet poses great risks to the future of Africa’s largest oil producer. A trend which has been for a several years in the making – ever since a couple of Nigerian states initiated a lawsuit against their own government for allegedly not collecting the maximum possible revenue under the 1999 Production Sharing Contracts Act, compelling the Buhari government to embrace the issue. The idea that the government should have…
