PIB

Nigeria lost $50 billion worth of investments in 10 years – Buhari

Nigeria lost $50 billion worth of investments in 10 years – Buhari

President Muhammadu Buhari has disclosed that Nigeria lost an estimated $50 billion worth of investments in 10 years, due to the uncertainty of non-passage of the Petroleum Industry Bill (PIB), lack of progress and stagnation in the petroleum industry. He said this in his remarks at a ceremony on the passage of the Petroleum Industry Act (PIA), which preceded the Federal Executive Council (FEC) meeting. According to the president, the stagnation affected the growth of the economy and the lack of political will on the part of past administrations to actualize the needed transformation, also contributed to the loss of…
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