The Nigerian Petroleum Industry over the past 20 years have been left in comatose with several unsuccessful attempts for government to provide legislation that would adequately regulate the Industry and provide Investments.
But recently, the two Chambers of the National Assembly have passed two different versions of the bill and later harmonized and transmitted to the President for his assent.
While some are of the opinion that the recent bill 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 bill 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.
