How manufacturers can benefit from PIB.

For Manufacturers and the economy to benefit from the multi-billion dollar investments expected after the Petroleum Industry Bill (PIB), must have Nigerians should prepare themselves by embracing the development of the Nigerian Content policy, the Chief Executive Officer of New Planet Project (NPP), Mr. Bunmi Tunji- Ojo said.

In an exclusive interview with Daily Sun, recently in Abuja, Mr. Tunji-Ojo, said there was an urgent need to expand discussions around the proposed legislation beyond the fiscal terms. Warning that failure to sufficiently domicile the service and manufacturing ends of industry operations, he said investments that would flow into the country may be diverted abroad through overseas procurement of equipment used for operations and remuneration of expatriate personnel that would be deployed to work on the projects.

Full story at Sun News Online.