Industry, Trade Ministry Raises the Alarm over PIB

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Industry, Trade Ministry Raises the Alarm over PIB via thisdaylive

The Federal Ministry of Industries, Trade and Investment has raised the alarm over what it called strange sections proposed in the Petroleum Industry Bill , which if passed will compound the culture of secrecy and lack of transparency in the oil sector.

The ministry argued that for the purpose of accountability, transparency and checks/balances, issuance of a pattern of approval certification for measuring instrument used in the petroleum, and introduction of modern measuring instruments that will guarantee accurate measurement in the oil sector are better handled by trained professionals in the ministry.

‘’Allowing the offending sections will create two parallel legal metrology institutions in Nigeria which is against the principle of legislative drafting to give the same powers twice to two different institutions. Also, the offending sections will only legalize the Department of Petroleum Resources under the proposed Nigerian upstream Regulatory Commission, encroachment on Weights and Measures functions.

 

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