Reports

Let There Be Speedy House Concurrence To PIGB- NEITI

Published

8 years ago

May 26, 2017

Dr Orji Ogbonnaya Orji, Director, Communications for The Nigeria Extractive Industries Transparency Initiative (NEITI) said the decision of the Senate to consider the bill as priority resulted in its passage.

He applauded the Senate for the passage of Petroleum Industry Governance Bill (PIGB) and called for speedy House concurrence to the bill.

In a statement issued in Abuja on Friday, Dr Orji Ogbonnaya Orji, described the passage of the bill as legendary and historic, considering the challenges the bill had passed through in its legislative journey through the years.

Continuing, Orji said that NEITI is an agency set up to enthrone transparency and accountability in the management of extractive industries in Nigeria, “has legitimate interest in the PIGB in view of its strategic importance to the realisation of its mandate.”

While commending the Senate he also called on the House of Representatives to find similar courage to give the bill accelerated consideration on its merit in overriding public interest.

“We note that the objective of a petroleum sector law remains to develop a dynamic governance framework that will re-position the Petroleum Industry.

“Also make the sector to fully embrace competition, openness, accountability, professionalism as well as better profit returns on investments.

“NEITI also notes that the public outcry that greeted the failure of the last National Assembly to pass this important Bill.

“Perhaps this informed the current Senate’s resolve to revive legislative interest on the bill resulting in the milestone achievement recorded at the moment.

“We are delighted that to avoid the controversies that killed the last PIB, the current Senate, carefully assembled experts who carefully broke the Bill into various segments beginning with the governance aspect of the proposed law.

“The PIG bill now passed by the Senate is a product of this creative initiative”, he concluded.

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