The Nigerian Petroleum Industry over the past 20 years have been left in comatose with several unsuccessful attempts by government to provide legislation that would adequately regulate the Industry and provide Investments.
But recently, the President of the Federal Republic Assented to the Petroleum Industry Bill which was passed into law by the National Assembly.
While some are of the opinion that the recent Act doesn’t reflect current events in the International Energy Industry and might harm the country more than help it, others are of the view that whether or not the Act reflect current events, all we need at the moment is a law that would regulate the Industry, as this would help in stabilizing the Country’s Energy Industry.
