Understanding the Nigerian Petroleum Industry Governance Bill 2016
Article from: OGEL 1 (2017), in Africa
Introduction
The direct participation of the State in a predominantly commercial and technical activity or industry is often bound to open such industry to political and regulatory risks. The implications of the regulatory uncertainties generated by the long-standing structural reform(s) of the Nigerian petroleum industry in the past thirteen to fifteen years speaks for itself. Indeed, there are indications that the delay in the passage of a 'Petroleum Industry Bill' (PIB) of some sort has resulted in a significant reduction in investments in the Industry. Particularly, investments in upstream ...