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Nigeria’s Oil Bill Needs a ‘Little Review’ Before Passage

Nigeria needs to review a new bill which will regulate how the government runs the oil industry of Africa’s top producer before it is passed into law by parliament, a former energy minister said.

Energy companies’ concerns that the proposed law will make investments in deep water oil fields unprofitable have been addressed, former energy minister Diezani Alison-Madueke told lawmakers today in Abuja, the capital. The bill still needs “a certain amount of reviewing” before it is passed, she said.