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FG targets passage of PIGB before May 29 2020

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The Federal Government had informed of plans to pass the Petroleum Industry Governance Bill before May 29, expressing deeper concern that the non-passage of the bill had weakened investment inflow into the Nigerian economy.

Timpreye Sylva, Minister of State for Petroleum Resources, gave this information on Thursday during his maiden press briefing with newsmen for the year 2020.

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He informed that the government was seriously engaging all stakeholders in the sector with greater engagement also ongoing with the National Assembly in a bid to provide a better fiscal governance framework that would open up the sector for huge investments.