NASS ACCELERATE PASSAGE OF PIB
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In spite of the strategic relevance of the petroleum industry to Nigeria’s economy, the Petroleum Industry Bill, a piece of legislation designed to effect reform in the sector has suffered severe setback. Since the first time the PIB was introduced to the National Assembly by President Umaru Musa Yar’ Adua’s administration, till the last moment of Goodluck Jonathan’s administration, it has been one form of assurance or the other by government that the bill will be passed. The bill even passed through first and second reading at both Chambers of the National Assembly during the 7th Assembly. Public hearings were concluded by both the Senate and the House of Representatives and the House of Representative Committee that worked on the bill got to submit the document to the Committee for consideration. Yet the 7th Assembly wound down without passing the bill.
We are encouraged that the current administration of president Muhammadu Buhari has fragmented the PIB into three, namely, the Petroleum Industry Governance Bill (PIGB), the Petroleum Fiscal Framework Bill and the Petroleum Host Communities Development Bill. Presently, the PIGB has been passed by the Senate, awaiting passage by the House of Representatives and subsequent harmonization by both houses.
We are mindful that the 8th National Assembly has less than two years to go. We are worried that if urgent steps are not taken before intense campaigns commence ahead of the 2019 general elections, the PIB may not see the light of the day. That is why we have written this petition. Please do sign it, asking the National Assembly to accelerate action on the PIGB.
The time to act is now!!!
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