Members of the sixth National Assembly have cut down government revenues by about $3 billion (about N450bn) a year in the proposed Petroleum Industry Law, the Nigeria Extractive Industry Transparency Initiative (NEITI) declared at the weekend.� NEITI said in a statement that both chambers of the National Assembly have made the proposed revenue cuts in their various reports submitted at the sixth Assembly.
Source: http://www.dailytrust.dailytrust.com/index.php?option=com_content&view=article&id=25555:new-pib-bill-nigeria-loses-3bn-a-year&catid=2:lead-stories&Itemid=8
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