Yet, its concept, objectives and long-term goals remain impeccable as to warrant not just its passage but its full implementation. It is crucial for all stakeholders as well as all arms of government to embrace the common desire to make the law, and its intended brief of sanitising the oil industry a reality.
Firstly, the bill, as newly presented, fails to clear what it meant by “host community” thus creating room for speculation by the stakeholders present at the public hearing.
The 8th National Assembly, under the headship of Senator Bukola Saraki, in the quest to make the passage easier and less contentious, broke it down into four different components, namely the Petroleum Industry Governance Bill , the Petroleum Industry Administration Bill , the Petroleum Industry Fiscal Bill and the Petroleum Host and Impacted Communities Bill .