As Nigerian people move closer to the Presidential election on March 28, 2015 they need to know that United Nations General Assembly (UNGA) adopted resolution 1803; and resolution 2158 that entitled developing countries “Permanent Sovereignty over Natural Resources. More importantly, the principle of permanent sovereignty over natural resources was declared in a much more radical way in Resolution 3171. It reiterates that full control over natural resources is an indispensable element of the sovereignty of a State, that the UNGA “support resolutely the efforts of developing countries in their struggle to regain control over their natural resources”, and that the right to nationalize foreign investments is an expression of the right of permanent sovereignty over natural resources and, as a result, of the sovereignty of a State.