A Review of the Nigerian Energy Industry

Passage of PIB, our priority in 8th Senate, says Saraki

18 June 2015, Abuja – Senate President, Bukola Saraki, has reiterated the commitment of the Senate towards conclusive passage of the Petroleum Industry Bill, PIB. But he said the present Senate will rather engage in what he called “intensive dialogue” that will address the bottleneck which made the bill recalcitrant.

Senator Bukola Saraki.
Senator Bukola Saraki

Speaking Wednesday, when he played host to a team of top management staff of Shell Petroleum Development Company, SPDC, led by the Managing Director, Osagie Okunbor, Saraki said the Senate will engage relevant stakeholders in the oil and gas sector in the country, on the need to embrace dialogue so as to fast track the easy passage of the bill.

He stressed that the PIB remained a priority in the 8th Senate, adding: “We have to engage discussion and dialogue. We can break the jinx which can only be achieved devoid of politics. PIB is a priority in this Senate.”

Senator Saraki noted that politics and other controversial issues surrounding the bill were important, but advised that they should be left out of the process for now. “We will break down the bulkiness of the bill and tackle all the grey areas, “he assured.

Taking cognizance of the environmental hazard, gas flaring and remuneration to host communities, he said the Senate will collaborate with oil companies and other stakeholders in finding lasting solution to all aggrieved parties.

“We will continue to come up with legislation that will make our country an investment destination and provide conducive environment for such investment to thrives,”he added.

Reacting, SPDC Managing Director, Okunbor congratulated the Senate President for his successful election while pledging for unflinching support and cooperation from the Senate.

He opined that the survival of petroleum industry depends greatly on the passage of PIB.

– Vanguard


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