Senator Bassey worried that the exit of IOCs would lead to loss of jobs, loss of revenue, and abandonment of certain yet-to-be-satisfied obligations. The Senate has mandated its Committees on Petroleum (Upstream), Down Stream, and Gas to conduct a holistic investigation into the implementation of the Petroleum Industry Act (PIA) with regard to the potential exits of IOCs from Nigeria. This directive is contained in a motion on the “Urgent need for an...










