Monday, 20 May 2013

IMF calls for early passage of PIB

The International Monetary Fund (IMF) has called for early passage of the controversial Petroleum Industry Bill (PIB), as it is the only way to transform the oil sector.
In a statement released by the IMF, it called for early passage of the bill, saying “directors welcomed reforms underway in the energy sector and looked forward to an early passage of the Petroleum Industry Bill.”
The IMF said its appraisal followed the conclusion of consultations between its executive board and Nigeria under the 2012 Article IV, on February 6, 2013.

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