Tuesday 10 February 2015

POLITICAL TENSION HAMPERS INVESTMENT IN NIGERIA’S OIL, GAS INDUSTRY

100215F-Alison-Madueke.jpg - 100215F-Alison-Madueke.jpgAs oil and gas industry operators contend with the non-passage of the Petroleum Industry Bill (PIB), which has created uncertainty in the operating environment, the political tension associated with the 2015 general elections is also taking heavy toll on investment in the industry.

Oil industry sources, hinted at the weekend that both local and foreign investors are having a re-think on their investment plans for 2015 as threats by the various actors in Nigeria’s politics have created post-election uncertainty, instilling fears in the minds of operators.
 

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