Oil Experts Urge Buhari to Assent PIB

SEATTLE (Oil Monster): Experts in the nation’s petroleum industry have urged President Muhammadu Buhari to give his assent to Petroleum Industry Governance Bill (PIGB). The experts stated that the bill proposed since 2008 was an act to reform the nation’s petroleum sector. A cross section of journalists from the Southern states had converged on a one-day workshop at Ibom Hotel & Golf Resort in Uyo, Akwa Ibom, to discuss the Petroleum Industry Bill. The event featured presentations by industrial analysts / discussions by participants. While explaining about Petroleum industry Governance Bill, the experts said “the act has witnessed two unsuccessful attempts for approval from the Federal Government.

“The PIGB was successfully passed by the 8th National Assembly in 2018 , but President Muhammmadu Buhari cited a few technical reason and withheld his assent to the Bill.’’ For instance, in his presentation, Mr Leonard Ugbahjah said Nigeria as a nation was weaning today because of uncertainty in the oil sector. He urged President Buhari to strive hard and approve the bill as he warned against Nigeria tending towards status of Venezuela in petroleum industry. Ugbahjah added that stability in Nigeria petroleum industry would give way for opportunities of transition into other sectors.

 Courtesy: www.newtelegraphng.com