Reacting to the Minister of Petroleum’s suggestion that the Petroleum Industry Bill be split up to ensure prompt passage, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has retorted that such suggestion would not be in the interest of the country. The association maintained that the provisions, as contained in the current Bill, are capable of transforming the industry and in particular, grow the upstream sector.
DIEZANI SUGGESTS THAT PIB BE SPLIT UP TO ENSURE SPEEDY PASSAGE INTO LAW
While addressing panellists at the just concluded World Economic Forum in Abuja, it was reported that the Honourable Minister of Petroleum Resources, Diezani Alison-Madueke, suggested that the draft Petroleum Industry Bill (“PIB”), currently before the National Assembly, be split up to ensure speedy passage into law. By June, the current draft PIB would have spent two years at the National Assembly.