Nigeria signs 7 regulations to address oil theft, measurement

Nigeria's has signed 7 Upstream Petroleum Measurement Regulations to help address cases of inaccurate measurement, as well as help in cutting down oil theft in the Niger Delta region. Meanwhile, the Nigerian government says it needs to spend about $150 billion annually for 10 years in other to plug the estimated $2.3 trillion infrastructure gap in the country. Johnson Chukwu, the CEO of Cowry Asset Management, joins CNBC Africa to unpack these stories.