Senate President, Abubakar Bukola Saraki, says Nigerians have a lot to
gain in the recently passed Petroleum Industry Bill (PIB) by the National
Assembly.
According to him when signed into law, the issues of exploitation and
exploration of petroleum resources in the country would be solved.
He spoke yesterday at the opening of a three-day Nigerian content
workshop in Owerri, Imo State with the theme, Maximising the Nigerian Content
Policy for Sustainable Business Growth and National Development.
Represented by the Chairman, Senate Committee on Petroleum Resources
(Upstream), Tayo Alasoadura, Saraki said the passage of the bill was consistent
with the determination of the National Assembly to continually legislate on
good bills that centre on welfare of the citizens, efficiency in the oil and gas
sector, among others.
He noted that piece of legislation was split into four categories namely
Petroleum Industry Governance Bill; Petroleum Industry Administration Bill;
Petroleum Industry Fiscal Bill and Petroleum Host Community Bill to fast-track their
passage into law.
The Senate President recalled that the upper chamber of the National
Assembly had, via a motion, established the need to ensure greater degree of
local content in the nation’s oil and gas sector.
The host Governor Rochas Okorocha pledged to donate land and office
accommodation to the Nigerian Content Development and Monitoring Board (NCDMB)
for the development of oil and gas sector in the state.
He told its Executive Secretary, Simbi Wabote, that the state government
had set aside over 20,000 hectares of land for industrial park, expressing
desire to partner the board and those in oil and gas industry for the
development of the state.Okorocha urged the Federal Government to consider the
state as a hub for economic development.
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