Aduragbemi Omiyale
By Aduragbemi Omiyale
All things being equal, the much-awaited Petroleum Industry Bill (PIB) will be passed by the House of Representatives in April 2021.
Speaker of the lower chamber of the National Assembly, Mr Femi Gbajabiamila, said this on Wednesday while declaring open a two-day public hearing on the bill organised by the ad-hoc committee.
He explained that the public hearing was put together to get the different views of stakeholders in the industry, urging the participants not to close their minds or ears to the views and the positions that may be advanced by various interest groups.
According to him, “We are in a world, an economic world, so there must be interest groups, they will be interest groups and we cannot deny that.”
He said after the public hearing, the legislative arm of government continue to engage stakeholders “to accommodate the diversity of interests and ensure all critical views form part of the deliberations that inform the final legislation.”
“We are not oblivious to the fact of many contending interests in this sector. These contentions do not need to result in conflict, especially when we know the objective of national prosperity benefits us all,” the leader of the green chamber of the parliament reminded the audience.
However, he assured that the House of Representatives will protect the interest of Nigeria in new PIB, which he said consumed a lot of energy and expertise to prepare.
“A lot of work has gone into the preparation of this Bill, but it’s not strait-jacketed. The idea of a public hearing is to have interests that may have not been accommodated prior to the introduction of the Bill to lend their voices and to understand perhaps the bigger environment where they are coming from,” he said.
According to him, “There have been various prior attempts to meet this obligation. Let us remember those attempts and be motivated by the knowledge that we can now correct past mistakes and fulfil the responsibility we owe these communities once and for all.”
Mr Gbajabiamila expressed confidence that the ad-hoc committee on PIB headed by the Chief Whip, Mr Mohammed Tahir Monguno, would do a thorough job because it was a national consensus that there should be a comprehensive reform of the oil and gas industry.
Business Post reports that the PIB has been long coming in the last 20 years, but due to contending and vested interests, nothing meaningful has been achieved.
