HOW NON-PASSAGE OF PIB HURTS ECONOMY, BY TUC

The negative consequences occasioned by the delay in the passage of the Petroleum Industry Bill (PIB) yesterday came to the fore as the Trade Union Congress (TUC) in Rivers State said that since 2009 when the bill was first introduced, no new Final Investment Decision (FID) has been taken on any oil and gas project in the country. 

Also, concerned about the gloom economic prospect of the country, the TUC has suggested that the falling crude oil price provides a good opportunity for government at all levels to block all financial leakages in the system, reduce oil theft and the huge cost of governance in Nigeria.

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