The 8th Senate has passed the PIGB which, when assented to
by the President, will give birth to a new era for the Petroleum Industry in Nigeria .
Most of the countries that established National Oil Companies as did Nigeria have actually developed their Petroleum
Industries to benefit their citizens and nations especially in making
electricity available as a free commodity which in my opinion can also be
implemented in Nigeria .
*Buhari: President and Petroleum Minister |
After several years of attempts to reform the oil and gas
industry in Nigeria , the
watered-down version of the original Petroleum Industry Bill (PIB) may be on
its way for Presidential assent with a 5% levy on fuel sold or distributed in Nigeria .