Showing posts with label Mrs Diezani Alison-Madueke. Show all posts
Showing posts with label Mrs Diezani Alison-Madueke. Show all posts

Saturday, March 31, 2018

The Petroleum Industry Governance Bill (PIGB) – A Watered-down version of the Petroleum Industry Bill (PIB)

By Idowu Oyebanjo
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.