The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) is worried about the delay in the passage of the remaining parts of the Petroleum Industry Bill, PIB, and called on the National Assembly to expedite action on the passage.
NUPENG in a statement by its President, Comrade Williams Akporeha, contended that the “delay in passing the three other components of the bill, namely; the fiscal framework, host communities issues and the Petroleum Industry Administration bill gives cause for concern. The nation has lost billions of naira in foreign investment which should have come into the oil and gas industry but for the uncertainties and prolonged delay in the passage of the bill into law.
NUPENG believes that the passage of the PIB will go a long way to ensure transparency and honesty in the oil and gas industry. It is our opinion that the passage of the remaining three components will restore investors’ confidence and generate employment opportunities (direct and indirect employment) and reduce the tension in the Niger Delta.”