Quick News - PIB caused failing investment, says Jonathan

[MrVan]

President Goodluck Jonathan has said that investment in the country's oil industry was falling because of the delay in passing the energy bill. The Petroleum Industry Bill (PIB) - designed to cover everything from tax terms to reform of the state oil company and funds for communities living on oil fields - was presented to the parliament in August and is still being discussed.

- Vanguard