National Assembly will pass PIB into law- Deputy Speaker

The Deputy Speaker of the House of Representatives, Emeka Ihedioha, on Thursday assured Nigerians that the Petroleum Industry Bill, PIB, would be passed into law.

Mr. Ihedioha gave the assurance at a stakeholders’ meeting on the PIB organised by the Nigeria Extractive Industries Transparency Initiative, NEITI, in Lagos.

He said that the National Assembly would ensure that the PIB was crafted in a manner that would create an efficient and competitive oil industry.

“The PIB is expected to lay a solid foundation for the regulatory, structural, commercial and fiscal framework for the operations of the oil and gas sector in Nigeria as well.

“This law indeed is a major commitment to enthrone transparency and accountability in the oil sector operations.

“Section 190 of the draft PIB provides for an Award Process of Petroleum licenses and places NEITI at the heart of the award process,” he said.

The Executive Secretary of NEITI, Zainab Ahmed, said that the objective of the day’s forum is to sensitise stakeholders on the provisions of the PIB. She said that NEITI plans to stimulate robust debates about the bill for the purpose of helping the National Assembly to be more informed.

“For us in NEITI, PIB is important because it will drive the reforms in the country’s upstream and downstream oil sectors.

“It will also provide solid foundation for the regulatory structural, commercial and fiscal framework for the operators. The bill, we believe, would halt the mismanagement, inefficiency and lack of transparency in the sector,” she said.

Ms. Ahmed urged Civil Society Organisations, companies, government representatives and development partners present at the forum to freely express their opinions on the bill.

“Please suggest ways to make the PIB meet all our national expectations,” she said.

Ms. Ahmed pledged that NEITI would continue to sanitise and mobilise stakeholders, and engage them in the realisation of the prospects of the bill.

Support PREMIUM TIMES' journalism of integrity and credibility


Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.


NEVER MISS A THING AGAIN! Subscribe to our newsletter

* indicates required


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: New Discovery! Click Here To See A Miracle Device That Can Cure DIABETES, BLOOD PRESSURE, STROKE, ARTHRITIS, PAINS, OBESITY And 50 Other CHRONIC DISEASES Without Drugs Or Herbs.. Click Here Now To See It

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.