RENOWNED economist and lecturer at the University of Ibadan, Prof Ademola Ariyo has urged the incoming government of General Mohammadu Buhari to tackle secrecy in the nation’s oil and gas industry with to eradicating corruption in Nigeria Extractive Industries,

Prof Ariyo, a two time commissioner of finance in Old Oyo state and Director of Ibadan based Centre for Public Private Cooperate (CPPC), spoke in Lagos during a two day capacity development training for oil and gas revenue tracking and advocacy in the South west.

The former budget advisor to the National Assembly lamented that operations in the nation’s oil and gas sector has over the years been shrouded in secrecy turning the God given resources to a black box.

He said: “ you are aware that oil has been the golden egg of the nation’s economy but it has become a black box. This has led to widespread corruption in the sector, which must be tackled”.

According to him, the new government has the opportunity of capitalizing on the 2007-2011 Fiscal Allocation and Statutory Disbursement (FASD) Audit Report, recently released by Nigeria Extractive Industries Transparency Initiative (NEITI) to demystify issues relating to oil bunkering, oil theft and subsidy, so that Nigerians can now know about it and know who to hold accountable.