Although assent to the Petroleum Industry Governance Bill (PIGB) has suffered setback, industry watchers remain unanimous on its ability to reform Nigeria’s oil and gas industry in line with global best practice.
There is mounting pressure on President Muhammadu Buhari to reconsider his decision and assent to the bill (with a review of provisions considered contentious by the presidency) or introduce an executive bill.
Experts and citizens are worried about the loss of huge opportunities and revenues occasioned by the continued delay of the country’s oil reform law.