Vanguard: Nigeria: 2015 - Experts Caution On Policy Issues in Oil and Gas

Experts and stakeholders in the nation's oil and gas industry have cautioned government on the need to implement policies that would put the industry on a good pedestal in 2015.

The Country Senior Partner for Price Waterhouse Coopers, Nigeria and the Company's Africa Oil and Gas leader, Uyi Akpata said that though the industry looks promising, government should remove the uncertainty associated with some regulatory issues.

"The outlook for the industry is positive and operators can look forward to an exciting and dynamic future with an ever-changing competitive landscape characterized by divestments and new acquisitions as new market entrants continue to seek a share of the industry's significant growth potential.

"The onus however sits with government to ensure that they continue to provide acceptable regulatory environments with attractive fiscal systems. The main difficulty that investors have is the risk associated with uncertainty. "Should uncertain regulations persist especially surrounding the passage of the PIB, the country might become less attractive to new investments which is considered very important in increasing the country's revenue," he said.
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