After being stalled in parliament for eight years, Nigeria's controversial Petroleum Industry Bill has been revived, albeit in a more limited form. This month, the Nigerian Cabinet plans to review an abridged version of the full bill, which President Muhammadu Buhari has broken into smaller, more manageable pieces in the hope of making each component easier to push through the National Assembly. If passed, the first piece of the reform would aim to do two things: limit corruption in the energy sector and overhaul the Nigerian National Petroleum Corp. But passing a reform through parliament is not the same thing as fully implementing it or achieving its intended goals -- something Abuja will struggle with once the bill becomes law. Nevertheless, any progress the Buhari government makes in moving forward with energy sector reforms, however incremental, will boost foreign investors' confidence in Nigeria....
