Nigeria: PIB Has Lost Momentum, Says Lagos Chamber of Commerce

20 February 2013

Lagos — The Lagos Chamber of Commerce and Industry said yesterday that consideration of the Petroleum Industry Bill (PIB) by the National Assembly has lost momentum.

The President of the LCCI, Goodie Ibru, said though the PIB offers the framework to overhaul the petroleum industry for optimal value for the Nigerian economy, the process of passing the bill is being obstructed.

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