Mele Kyari, the group managing director, Nigeria National Petroleum Corporation, NNPC, has warned that without the passage into law of the Petroleum Industry Bill, PIB, 2020, there would not be further foreign investments in the oil and gas industry.
The GMD boss gave the warning on Thursday, November 26, 2020, at a 2021 budget defence session before the Joint Committee on Petroleum Upstream, Petroleum Downstream, and Gas Resources.
“Without the passage of PIB, no one will invest in this country (Oil and Gas Industry), again”, he said.
