Non-passage of PIB stagnates Nigeria’s oil reserves at 37.5bn barrel

The PIB is expected to bring reforms in Nigeria's oil and gas industry

Nigeria’s oil reserves are stagnated at 37.5 billion barrels since 2007 due to then onpassage of the petroleum industry Bill (PIB). This is as the situation has discouraged investments in the oil sector the PIB is required to restore, if passed. This was revealed monday at a public hearing sessi

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