Last Thursday, the National Assembly finally passed the much-talked-about Petroleum Industry Bill, after a tortuous two decade-long sojourn. Emmanuel Addeh asks if the bill, now awaiting the assent of President Muhammadu Buhari, after harmonisation by the lawmakers, would see the light of the day
From all indications, it appears that the Petroleum Industry Bill (PIB) may finally see the light of day and eventually serve as the framework for operations in the oil and gas industry, having suffered several setbacks for close to 20 years, from the period the entire process first started.
Although, in the past, there had been several attempts to pass the law, such moves, in the end, have always ended in utter failure. Even in some cases when the national assembly succeeded in passing it, the president wouldn’t give his assent.
Nigeria s oil bill faces more delay over demands for big changes
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Analysts say Nigeria losing $15 billion annually over delay in PIB passage
naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.
Report: $15bn Investments Lost Annually to Non-passage of PIB
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
Electronic Payment Transactions Hit N21 27tn in May
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.