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Campaign for Better Regulation through PIB

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. ....

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Gbajabiamila criticises past administrations for failing to pass PIB

Gbajabiamila criticises past administrations for failing to pass PIB
Mr Gbajabiamila says the bill will be passed by April.
The Speaker of the House of Representatives,
Femi Gbajabiamila, has expressed disappointment with the inability of successive administrations in the country to ensure the passage of the Petroleum Industry Bill (PIB) into law.
He said it was difficult to explain why the bill did not pass despite collective interest by all for the passage of the bill.
Mr Gbajabiamila stated this on Wednesday while declaring the public hearing on PIB open in Abuja.
The hearing was by the House Ad-hoc Committee on PIB. ....

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