The Petroleum Industry Bill (PIB) pending before the National Assembly is a positive attempt to deal with the multifaceted problems of the industry, including inefficiency, corruption and environmental degradation. In this position paper, we outline some of the broad policy issues that should be revisited to ensure an improved consolidated Petroleum Industry Bill. We have examined the Senate and House versions as compared with the original proposals of the Federal Government during the Yar’Adua and Jonathan’s Presidencies. In all, our overriding focus is with the concern of communities that host and have been victimized by decades of crude oil and gas exploitation, transportation and processing. While we believe that leaving oil in the soil is ultimately better for the Nigerian society., and for the livelihoods of communities, we are making this intervention principally because of the grave and immediate risks a faulty PIB portends for Nigeria. Read Full Report
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