Home Brief A Closer Look at the Petroleum Industry Bill (PIB)

A Closer Look at the Petroleum Industry Bill (PIB)

The PIB CoverThe Nigerian government has long pledged its intent to overhaul the petroleum industry, entrenching efficiency and transparency in both upstream and downstream sectors, bringing operations in line with international standards. Yet the Petroleum Industry Bill (PIB), which seeks to increase government revenue from oil and lay down a strengthened legal and regulatory framework for the Nigerian oil industry, has suffered legislative delays and limited consideration from the executive, precluding its passage.

SDN’s analysis considers the implications of the ratification of the PIB, its potential to introduce unprecedented reform for the Petroleum Industry, as well as its shortcomings in its present state.

Download SDN’s spotlight report of the proposed Petroleum Industry Bill.

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