President Buhari at the National Assembly |
The House of
Representatives is picking up the Petroleum Industry Bill for a speedy
consideration, its speaker, Yakubu Dogara, said Monday.
PREMIUM
TIMES report continues:
Mr.
Dogara said the legislature found the initiative necessary after President
Buhari’s administration repeatedly ignored calls to send an executive version
of the bill.
The
bill has remained stuck at the National Assembly since 2009 despite the huge
impact experts said a petroleum industry law could have on Nigeria’s economy.
“I
have on at least three different occasions publicly requested the executive to
as a matter of urgency send an executive bill on its intended reforms in the
petroleum sector,” Mr. Dogara said.
Presidential
spokesmen, Femi Adesina and Garba Shehu as well as the Minister of Information,
Lai Mohammed, did not answer nor respond to PREMIUM TIMES’ calls and text
messages seeking comments.
Mr.
Dogara said he sought to prevent past occurrences whereby the executive sent in
the legislation late, consequently depriving lawmakers the much-needed time to
thoroughly consider such a humongous document.
Mr.
Dogara said the house was considering members-sponsored bills that would help
reform the oil and gas sector.
“It
is deliberate that Section 44 (3) of the Constitution of the Federal Republic
of Nigeria, apart from vesting the powers to make laws in the legislature, went
further to clearly invest it with powers to make laws for the management of the
oil and gas sector,” Mr. Dogara said.
“In
the absence of an executive bill on the matter, two private member’s bills have
now been introduced. We urge participants to familiarize themselves with these
bills and make necessary inputs at the public hearing stage.
“We
also hope that this summit will craft its own version of the PIB for the
attention of the National Assembly, taking into consideration all the existing
drafts and also the pending bills,” Mr. Dogara said.
Mr.
Dogara denied media reports about the existence of an executive version of the
PIB before the National Assembly, adding that lawmakers could no longer ignore
the rot in the oil industry.
According
to Nigeria Extractive Industry Initiative, NEITI, the PIB, if passed into law,
would “strengthen the capacity of indigenous Nigerian companies in the oil and
gas sector to compete with international oil companies in the search and
acquisition of hydrocarbons in Nigeria. The measure was also intended to reduce
exploitation in the sector and limit, to the barest minimum, Federal
Government’s exposure to oil and gas exploration and production through joint venture
operations”.
Bala
Zaka, a petroleum engineer, welcomed the initiative of the National Assembly.
He
said early consideration of the bill was necessary to guarantee its passage
within four years.
Mr. Zaka, however, urged the lawmakers to take up similar bills that were relevant to a smooth implementation of the PIB.
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