Non Passage Of PIB Responsible For Lack Of Investors In The Oil Sector

By Factnews on 13/10/2017

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Minister of State Budget and National Planning, Zainab Ahmed has disclosed that the country has suffered greatly from the failure of the National Assembly to pass a plethora of legislation necessary to boost the economy.

One of such she said is the long-standing Petroleum Industry Bill (PIB)

She stated this at the closing plenary session of National Economic Summit on Thursday in Abuja.

Ahmed added that, Investors are not willing to come into an environment when they don’t have any clarity as to what the legislation, what the laws would be and their options.

The minister of state for budget and national planning stated that the government was determined to remove the bureaucratic bottleneck in clearing goods at the ports, saying that the Executive Order on Ease of Doing Business was aimed at achieving this.

 

Posted on October, 13 2017

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