Nigeria: LCCI Laments Delay in Passage of PIB

18 February 2013

The Lagos Chamber of Commerce and Industry, LCCI, Monday, lamented the delay in the consideration of the Petroleum Industry Bill, PIB, by the National Assembly, saying the delay is negatively affecting Nigeria's competitiveness, making the country vulnerable and hindering the growth and transformation of the economy.

The delay in the consideration of the PIB is as a result of mounting opposition by Northern senators and international oil companies, who are kicking against certain provisions of the Bill.

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