Vice President, Yemi Osinbajo, on Monday said that the presidency was closely working with the National Assembly for the quick passage of the Petroleum Industry Governance Bill.
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The Presidency on Thursday said President Muhammadu Buhari declined assent to the Petroleum Industry Governance Bill for several reasons, including some provisions being in divergence with present administration’s policy.
Former Vice President Atiku Abubakar has urged President Muhammadu Buhari to have a rethink on his decision not to give his assent to the Petroleum Industry Governance Bill.
This was contained in a communiqué issued at the end of the workshop organised by the Facility for Oil Sector Transformation
The stakeholders have also urged the National Assembly to pass the Petroleum Host and Impacted Communities Development Bill as well as the two other components of the Petroleum Industry Bill before the end of the current 8th assembly
The stakeholders, comprising industry lawyers, media practitioners and other professionals, made the call in Lagos at a roundtable on PIGB organised by Centre for Financial Journalism (CFJ Nigeria) in partnership with Facility for Oil Sector Transformation, a DFID-funded programme.
The position of the Presidency was made known by the Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Ita Enang
Iledare made the call at a pre-conference news briefing in Abuja, ahead of the 11th NAEE/IAEE International Conference beginning on Monday.
The groups thus urged President Muhammed Buhari not to sign the Petroleum Industry Governance Bill as passed by the National Assembly until the grey areas were addressed.
Kachikwu, said this on Tuesday at a symposium on the PIGB organised by the Nigeria Extractive Industries Transparency Initiative in Abuja.
In a video address posted on his Facebook page, Saraki also emphasized that the PIGB will help to address the perennial scarcity of fuel in the country, once it becomes law.
Alasoadura, in a statement in Abuja, said the PIGB would not only help to create more jobs for Nigerians, but will also foster a conducive business environment for petroleum operations when signed into law
The Chairman of the Joint Committee on Petroleum (Upstream, Downstream and Gas), Senator Tayo Alasoadura, laid the report before the lawmakers at the plenary
The Bill establishes the process for breaking the Nigerian National Petroleum Corporation into two commercial entities, which will be limited by shares