Nigerian parliament set to vote on petroleum overhaul bill

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A long-awaited bill to overhaul nearly every aspect of oil and gas production in Nigeria has been presented in both chambers of parliament, which could vote on the package as early as today, members of parliament told Reuters.Legislators have been hashing out details of the bill since President Muhammadu Buhari presented an initial version in September
last year, but an overhaul has been in the works for some 20 years.

Its passage this year would be a landmark accomplishment for the Buhari administration, and one that observers say is essential to attracting a shrinking pool of capital for fossil fuel development.

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