The biggest reform of all

President Umaru Musa Yar’Adua’s government is trying to win support for its new oil law by offering Delta communities a stake in the business

The Petroleum Industry Bill (PIB), which President Umaru Musa Yar’Adua’s supporters are trying to steer through the National Assembly, is meeting massive opposition from the major oil companies, their political lobbyists and the Niger Delta militants who resent the lack of concessions offered. Efforts to make the oil business more market-oriented and to free it from political manipulation have been going for more than a decade; they won’t end soon.

Article Tags:
Umaru Musa Yar’Adua, Projects impracticable, Mark Ward, Goodluck Jonathan, Henry Odein Ajumogobia, Rilwanu Lukman, Bello Gusau, Malaysia, Brazil, Abdalla el Badr, Ten percent for the Delta, Emmanuel Egbogah, Lamido Sanusi, Ann Pickard, Australia, Ian Craig, Russia, Basil Omiyi, Italy, French, François Fillon, Africa Confidential, Ente Nazionale Idrocarburi

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