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Nigeria s Oil Reform Bill: What s At Stake
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Nigeria calls on explorers to stop waiting for PIB
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The two-day virtual event will hold on February 25 and February 26, 2021.
This year’s edition, themed: “Powering Forward: Enabling Nigeria’s Industrialisation via Gas”, will feature industry experts who will discuss pertinent issues towards the actualisation of a gas-powered economy.
The virtual event will cover sectorial topics such as sustainable funding and policies improvement that currently impact on the possibilities of attaining optimal gas production, transportation, distribution and adoption, whilst charting the way forward, towards economic stability and buoyancy via gas.
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Speaking during the announcement of the event, Audrey Joe-Ezigbo (pictured), NGA’s president, said the conference’s objective is to project and leverage the potential of gas towards enabling and reinvigorating Nigeria’s industrial sector.
Osinbajo, Sanwo-Olu for NGA s Multilogues 2 international conference
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Undoubtedly, the nation’s oil sector requires regulatory, governance and fiscal legislation that would guide the exploration and exploitation of the nation’s hydrocarbon deposits in a profitable manner. Nume Ekeghe reports that to achieve this, the Minister of State for Petroleum, Timipre Sylva and others, especially host communities, have intensified the clamour for the Petroleum Industry Bill given the benefit it portends for Nigeria
The Petroleum Industry Bill (PIB), which is meant to regulate the entire sphere of the industry has struggled to see the light of day despite its introduction to the National Assembly over 16 years ago.
The clamour for this has persisted due to a number of factors including the agitations by the Niger Delta people for a fair deal in the mining of their mineral endowment often referred to as the Black Gold.