After several years of waiting for the Nigerian government to agree on some form of the Petroleum Industry Governance Bill, the country’s Senate has finally passed a version of the PIGB. Lawmakers from the oil rich African nation set about rallying the country’s House of Representatives to pass the bill, as well. If Nigeria is capable of coordinating its efforts and passing a finalized version of the PIGB, then its oil and gas reserves will finally become truly open to the outside world.
The decision would have a huge impact on the African nation, allowing it to lean heavily on the vast petroleum reserves in the Niger Delta.