By: on October 30, 2020
The Petroleum Industry Bill (PIB) was introduced to the National Assembly in 2007. Contrary to all Nigerians’ expectations, the Bill, in its wholesale form, has survived three presidents and four convocations of the National Assembly. But its passage will not sacrifice thoroughness on the altar of speed, because it will be in the nation’s best interest and we all believe this is the time to pass it. Everyone has been waiting for the passing of the Petroleum Industrial Bill. This is the bi...
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By: on September 23, 2020
IT is utterly shameful that more than 10 years after the introduction of the Petroleum Industry Bill, its fate still hangs in the balance despite promises by successive governments to ensure its passage. The long delay has wreaked havoc on the country’s oil and gas industry that accounts for the bulk of government revenues. Not only has the delay put a damper on efforts to reform the vital industry, it has also deprived it of the badly needed investments from which the economy would have deri...
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