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Undoubtedly, the nation’s oil sector requires regulatory, governance and fiscal legislation that would guide the exploration and exploitation of the nation’s hydrocarbon deposits in a profitable manner. Nume Ekeghe reports that to achieve this, the Minister of State for Petroleum, Timipre Sylva and others, especially host communities, have intensified the clamour for the Petroleum Industry Bill given the benefit it portends for Nigeria
The Petroleum Industry Bill (PIB), which is meant to regulate the entire sphere of the industry has struggled to see the light of day despite its introduction to the National Assembly over 16 years ago.
The clamour for this has persisted due to a number of factors including the agitations by the Niger Delta people for a fair deal in the mining of their mineral endowment often referred to as the Black Gold. ....

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