Tag
PIB
The House of Representatives has today, passed the Petroleum Industry Bill (PIB).
In essence, Nigeria's PIB is a document for the future that lives in the past.
The bill is expected to be signed before the end of May.
The FG has made some changes to the PIB in a bid to attract more investors to Nigeria's oil and gas sector.
Minister of State for Petroleum has said that subsidy is one of the reasons why refineries are not functioning optimally.
A commercialized NNPC with more committed employees would mean better accountability and transparency in its operations.
Dangote Group has urged the National Assembly to include in the PIB a law allowing only companies with active refining license to import petroleum products.
The question on the lips of many is whether the Petroleum Industry Bill will ever be passed into law?
A house divided is bad enough, misplaced priorities make it even worse.
Femi Gbajabiamila has revealed that the lower legislative chamber intends to pass the PIB in April 2021.
IOCs claim deepwater provisions in PIB will deter investments in the Sector.
Ahmad Lawan has listed the benefits of the PIB presently before the National Assembly for consideration.