The Amended 2012 Petroleum Industry Bill (PIB)

In 2012, the Senate and House of Representatives (respectively), instituted committees on the PIB to review the bill and make recommendations for amendments. In 2014, the committees submitted their reports to the National Assembly after holding public hearings and collating views from stakeholders. Based on the reports, the Assembly introduced significant amendments to the bill and made far-reaching recommendations that addressed some of the initial concerns of communities and civil society groups.
This briefing takes a look at these amendments and recommendations, analyzing them to highlight their strengths and/or inherent weaknesses in order to engender a fair and standard legislation that governs the industry.