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Nigeria's oil sector reforms edge closer to law

The framework for investments in Nigeria may be about to change. But as ever, there are complications

Nearly two decades after Nigeria first constituted a panel to commence deliberations on oil industry reform, the country is on the verge of passing legislation that could help unblock long-stalled major investment in its most lucrative economic sector—if the president can be brought onside. After more than a year of deliberation, the first stage of the current version of the legislative reform package, the Petroleum Industry Governance Bill (PIGB), has been passed by the National Assembly—comprised of the Senate and House of Representatives. It has since been passed on for final assent by President Muhammadu Buhari. Yet, Buhari was still to approve the PIGB in early June, several weeks aft

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