Reasons to be optimistic that Nigeria’s PIB will be passed at last

Issue 434 - 11 Mar 2021 | 2 minute read

 It is far from a done deal, but the potentially transformative measures in Nigeria’s Petroleum Industry Bill (PIB) might eventually pass through the National Assembly this year. Nigerian National Petroleum Corporation (NNPC) chief financial officer Umar Ajiya told IHS Markit’s online CERAWeek event on 2 March that he hoped the PIB would reach the statute book “on or before the middle of this year”.

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