Nigeria: PIB Passage As Ticket Out of Recession

4 October 2016

Abuja — The economic recession that Nigeria is undergoing presently has reopened debate over the non-passage of the Petroleum Industry Bill (PIB), which many believe could have kept Nigeria out of the woods.

This is the argument: if Nigeria is a monolithic economy that relies almost solely on crude oil, is it not commonsensical that part of the strategies to exit the economic recession should be close to the same sector that serves as energizer for the economy in the first place?

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