By Emma Amaize

WARRI—Flow Stations Host Communities of Nigeria, FLOWHOSCON, yesterday, lamented that Nigeria was losing investments worth billions of naira to other African countries because of the over 10 years delay by the National Assembly in passing the Petroleum Industry Bill, PIB.

Speaking in Warri, Delta State, national president of the group, Mr. Sheriff Mulade, called on the National Assembly to expedite action on the passage of bill, to establish the legal and regulatory authorities for the Nigerian petroleum industry.

He said: “We wish to call on the National Assembly  to pass the PIB now to give a sense of belonging to all stakeholders in the industry. The industry definitely needs PIB to give it a framework for stakeholders in the oil and gas industry.

“The bill has been in the works for over a decade and has been redrafted several times, but was never passed. The current National Assembly  should make history by passing the bill now.

“People should stop playing politics with the bill. I must say that we do not know what is delaying the passage now that the bill has been broken into different segments. This bill is the hope of investment in the oil and gas sector, it will give a sense of belonging to all stakeholders and we, therefore, appeal to our legislators to pass the bill now.”