The Vice President, Prof. Yemi Osinbajo yesterday said that the present administration remains fully committed to the passage of the Petroleum Industry Governance Bill (PIGB), saying the executive is working closely with the National Assembly to ensure its timely passage.
Osinbajo, who was represented by Dr Ibe Kachikwu, Minister of State Petroleum Resources gave the assurance during his keynote address at the 18th international HSE Biennial conference, organised by the Department of Petroleum Resources (DPR) in Lagos.
Besides, the Senate President, Buola Saraki, who was represented at the occasion by Senator Omotayo Alasoadura, confirmed that the upper legislature has taken notes of the grey areas of the earlier bill which was rejected by the President Muhammadu Buhari.
The Vice President said that no discussion about the future of the oil and gas can be divorced from the Petroleum Industry Bill (PIB), which represents the most ambitious and comprehensive reform in decades of the oil and gas industry in Nigeria.
He said that while there have been varied reactions to Mr President’s recent decision to return the Petroleum Industry Governance Bill (PIGB) to the National Assembly for slight amendments. Read more