Attended the first meeting of the new Petroleum Club of Lagos with the Minister of Petroleum as chief guest. He explained the need for deregulation (more money goes on subsidising the cost of fuel in Nigeria than in the Federal's Government's entire investment budget!) and reform of how the petroleum sector is organised. Reform is needed. But it's also important that new legislation turns out to be win-win. In other words win win for the country and win win for foreign investors who need to have the confidence to invest.
Posted at 10:57 18 December 2009 by Bob Dewar | Comments[0]
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