The 3 most
obvious challenges currently bedevilling the petroleum industry in Nigeria are: (i) the unrest in the Nigeria Delta
area which has affected oil production significantly; (ii) the
uncertainty over the non-passage
of the Petroleum Industry Bill (PIB); and (iii) the volatility
of oil prices.
«It's
obvious to everyone that the secondary mortgage market companies are a major reason for the continued health
of the housing sector, the strongest
area of the economy, and we don't need to introduce
uncertainty in their effectiveness now,» said Edwards, who testified before a House Financial Services subcommittee.