Nigeria’s Senate Plans to Pass Delayed Oil Bill Next Week
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Nigeria’s Senate may pass a bill to regulate the oil industry of Africa’s top producer next week, after addressing concerns about taxes and royalties raised by international energy companies.
The lawmakers decided to make a legislation that won’t “scare the multinationals,” Lee Maeba, chairman of the Joint Senate Committee on Petroleum, said today in an interview in Abuja, the capital. “They’re the people producing the oil, hence there should be a balance between the government’s take and their take.”