By Adaeze Okechukwu
Senate President, Dr. Bukola Saraki, said, yesterday, that the passage of the Petroleum Industry Governance Bill, PIGB, by the House of Representatives would help curb the problem of fuel scarcity in the country.
In a video message on his facebook page, Saraki, who facilitated the passage of the same bill by the Senate earlier in 2017, said: “Yesterday (Wednesday) after nearly two decades of back-and-forth, near-misses and ‘near-passages’, the 8th National Assembly finally reached a milestone with the passage of the Petroleum Industry Governance Bill, otherwise known as PIGB. This is historic.”
Explaining the importance of the bill, the Senate President said the bill will curb future scarcity as well as foster transparency and openness in the industry.
“The PIGB will also promote openness and transparency in the industry by clarifying the rules, processes, and procedures that govern the oil and gas sector. This should eliminate, or at worse, reduce corruption significantly and make the sector more efficient and productive.”
“Many people did not give us any chance when we promised to pass the PIB. Now, we have scaled this first major hurdle and we promise to pass the remaining related bills like the Petroleum Host Community Bill and Petroleum Industry Fiscal Bill very soon to complete the circle,” Saraki maintained.