‘Nigeria’ll Reposition Gas Sector With PIB’

The Speaker of the House of Representatives, Hon Femi Gbajabiamila, has said Nigeria was on its way to achieving economic revival, especially in the oil and gas sector.
He said the passage of the Petroleum Industry Bill (PIB), expected soon would make the revival quicker.
Speaking while receiving a delegation of the Nigerian Liquefied Natural Gas (NLNG), in his office, yesterday, Gbajabiamila said the on-going process of passing the PIB had provided an opportunity for the experts to collaborate with the House to incorporate a futuristic gas legislation that would be beneficial to Nigeria and Nigerians.
He said, “Definitely, it’s now all about gas. Crude oil, as we know and which we all rely on, is not so infinite; its end is almost around the corner, and we don’t want to be caught unawares. We have to be prepared for that day.
“That is why I agreed on the issue of the PIB and why, from the ground floor, the gas sector needs to key in and lock in its role in the piece of legislation that would come out in PIB.
“This is very important because the PIB is going to be there for ages and this is the time we need to key in the gas sector in framing that piece of legislation together.
“With our proven reserve and potential that will propel us from the 9th largest producer in the world to the 4th, that’s a blessing we can’t overemphasize as gas touches on every aspect of the economy.
“We are on the same page with you on the need to unlock the potential for the good of Nigeria.’’
In a statement by his Special Adviser on Media and Publicity, Lanre Lasisi, the speaker added, “We look forward to sittings like this where we can collaborate and work together for one and one purpose only- to move this country forward and develop our economy, infrastructure and put this country on the line of economic growth.’’