Delay in PIB passage stifling Nigeria’s petroleum industry, says NNPC GMD

Why PIB passage is delayed

The Minister of State for Petroleum Resources, Timipreye Sylva, said the restructured PIB submitted by the present administration are broken into two – the Petroleum Industry Governance, Administrative and Host Community Bill and the Petroleum Industry Fiscal Bill . Since the withdrawal of the draft PIB sent to the National Assembly, a consortium of Civil Society Organizations led by the Nigeria Natural Resource Charter have continued the advocacy for the return of the PIB to enable the lawmakers do the needful and pass it into law, without further delay.

In a recent statement, the CSOs noted that apart from the effective operations of the upstream sector of the petroleum industry, the effective running of the downstream sector of the industry have equally suffered with the continued delay in the passage of the PIB.

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