PGF Reassures On Democratic Process

The Progressives Governors Forum (PGF), says  it is committed to a democratic process of negotiating  reform of the country,  to make it more responsive to  needs of Nigerians.
The chairman of the forum, Alhaji Abubakar Bagudu,  gave the assurance in a statement on Wednesday in Abuja,  while speaking on the Petroleum Industry Bill (PIB) recently signed into law by President Muhammadu Buhari.
“PGF commends President Buhari for this historic feat of moving the nation forward to a new democratic era of governance and business,  through the management of the oil and gas industry.
“We remain committed to a democratic process of negotiating the reform of our republic to make it more responsive to the needs of Nigerians.
“We pledge our commitment to support the process of transition to the new era of oil and gas operations and management,  as provided by the new Petroleum Industry Act 2021.
“Similarly, we are indeed more confident that the ongoing process of constitutional amendment in the National Assembly, will proffer more reforms to Nigerian economy,’’ he said.
Bagudu assured that the forum would continue to collaborate with the National Assembly and the Federal Government to mobilise public understanding, to accelerate the process of change in the country.
He added that through its engagements with the leadership of the National Assembly, the PGF would continue to provide needed support,  to enhance the existing synergy between the Executive and Legislative arms of government.
He said  the forum would also continue to draw lessons from President Buhari’s leadership and take necessary steps to replicate same in states of the federation.
Bagudu who is also the Governor of Kebbi, noted that the signing into law of PIB by the president, would restructure  operations and management of the country‘s oil and gas industry.
He added that, with  the coming into law of the new Act, the APC,  under Buhari‘s leadership,  had demonstrated unwavering commitment to change the country democratically.
Bagudu noted that this milestone was reached after over 20 years of endless national debates and stalemate on the bill.
“There is today, a new Petroleum Industry Act in the country, which has provided six months transition for the emergence of new institutional framework for the operations of oil and gas industry in the country.
“With the new Act, the task of regulation is vested on the two regulatory bodies created by the law.
“The extraction and sales of crude will  now be undertaken by both the new Nigerian National Petroleum Company Ltd and other private companies in both the upstream, midstream and downstream,’’ he said.
He added that this would be in line with regulatory standards, provided by the Nigerian Upstream Regulatory