Browsing: Petroleum Industry Bill (PIB)

Energy experts were confident that the bill would turn around the misfortunes of the oil and gas industry in the country.

The passage of the PIA has been hailed by industry players as a welcome development, albeit long overdue. The PIA is a root and branch review of the entire oil and gas sector and is expected to place Nigeria on the right path to competing better in the global oil and gas market.

President of the Senate, Ahmad Lawan made the announcement after considering the votes and proceedings at Thursday’s plenary.

Gbajabiamila said, for this reason, experts in the gas sector should partner those in government for the development of the sector to achieve optimum results, noting Nigeria needs to maximize its natural gas resource.