Petroleum Industry Bill (PIB) 2021 – A Game Changer ?
September 8th, 2022
The National Assembly has finally passed the Petroleum
Industry Bill (PIB), 2021. The key objective of the PIB is to
overhaul and transform the Nigerian oil gas industry. The
Bill is now awaiting the assent by the President. However,
the key question that is being asked is: will the PIB be the
game changer for the industry at a time when major oil
producers are seeking to transition to clean energy? Only
time will tell.