Oil Sector: Lull in Investment as Legislature Procrastinates on PIB

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This Day

27 December 2011

Oil Sector: Lull in Investment as Legislature Procrastinates on PIB

Though Nigeria’s crude oil production was restored to its 2005 level in 2011, due to the amnesty programme in the Niger Delta, new investment in the sector has remained only in the papers as the National Assembly prevaricates on the passage of the Petroleum Industry Bill (PIB); while a new debate on fuel subsidy takes centre stage. Ejiofor Alike writes ....

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