Business
Stakeholders Condemn Non-Passage Of PIB
Some stakeholders in the oil and gas industry have said that the non-passage of Petroleum Industry Bill (PIB) by the National Assembly would have negative effects on the sector.
The stakeholders told newsmen in Lagos on Tuesday that non-passage of the bill would hinder investments and developments in the industry.
The Tide source reports that the Federal Ministry of Petroleum Resources said that it had spent huge sums to see the passage of the bill which has been in the National Assembly in the last two years.
Mr Olumide Ogunmade, Chairman of South-West Chapter of Independent Petroleum Marketers Association of Nigeria (IPMAN), said that non-passage of the bill was indication of insensitivity of lawmakers to the plights of people from oil producing areas.
“The bill ought to have been passed along with other bills passed at the tail end of the National Assembly’s plenary session,’’ Ogunmade said.
He said that some oil companies had expressed strong feelings on the issue to their home goverments.
Mr Amos Thomas, Managing Director of Blum Oil and Gas Consultant, said that the bill was not passed because some lawmakers were not comfortable with some of its provisions.
Thomas said it was unfortunate that the bill could not see the light of day in spite of the repeated assurances from the lawmakers that it would be passed before May 29.
Mr Tokunbo Koroko, Chairman of NUPENG in the South-West, said that non-passage of the bill was unfortunate.
Korodo said that passage of the bill would create job opportunities for many Nigerians.
Rev. Folorunsho Oginni, Chairman of the Lagos Branch of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), said that non- passage of the bill was not in the best interest of the stakeholders.
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