Arab Today, arab today uk business secretary applauds nigeria oil bill
Last Updated : GMT 02:26:33
Arab Today, arab today
Arab Today, arab today

UK business secretary applauds Nigeria oil bill

Arab Today, arab today

Arab Today, arab today UK business secretary applauds Nigeria oil bill

Lagos - SPA

The United Kingdom\'s business secretary has said a proposed bill before Nigerian lawmakers to overhaul the nation\'s oil industry is important and should not focus on benefits to foreign firms working in the country, AP reported. The comments Monday by Vince Cable come as Western nations and oil firms have cautioned Nigeria about putting too many new taxes and burdens on oil firms working in Nigeria\'s oil-rich southern delta. Cable said: \'The issue here is not what is good for the oil industry, but what best helps (Nigeria) maximize its potential.\' That comes despite repeated criticisms of the bill by officials of Royal Dutch Shell PLC and other companies.

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