Nigeria Finance Minister Says Oil Bill Unlikely To Pass Before 2015 Poll

By: Hamilton Nwosa
Cat:
Business

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Nigeria’s long-awaited Petroleum Industry Bill (PIB) is not expected to be voted on by parliament before a planned general election in February 2015, the finance minister said on Tuesday.

The bill, which is expected to reform Africa’s top oil producer’s oil taxes and licences, and to overhaul state-run Nigerian National Petroleum Corporation, has dragged on for over five years because of political wrangling over its many clausesPetroleum Industry Bill (PIB)

Read also: PTI Gets New Boss As Governing Council Appoints Dr. Adimula

Ngozi Okonjo-Iweala told a conference call with investors that foreign direct investments in the country has grown but for the oil sector because of the Petroleum Industry Bill (PIB).

Read also: At Last, Buhari Will Sign Revised 2020 Budget On Friday Says Presidency

 

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Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

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