Reps To Hold Stakeholders’ Summit On New PIB Version Wednesday | Independent Newspapers Limited
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Reps To Hold Stakeholders’ Summit On New PIB Version Wednesday

Posted: May 16, 2016 at 11:54 pm   /   by   /   comments (0)
Not satisfied with the nonchalant attitude of the Executive to forward the new version of the Petroleum Industry Bill (PIB) to the National Assembly, the House of Representatives has on Wednesday slated a stakeholders’ summit on the new legislation.
The bill was passed at the twilight of the Seventh Assembly but failed to get the concurrence of the Senators.
The house has therefore re-gazetted the bill for consideration at the Committee of the floor of the House in line with the relevant sections of the Standing Order of the House.
The summit, according to the House, would collate recommendations on the new bill to be included in the existing version of PIB initiated by the House.
Yakubu Dogara, Speaker of the House, had early this year announced that the House was drafting its own version of the bill as a result of failure by the Executive to forward its proposed version of the law.
Consequently, the House, in furtherance of its commitment to ensure the passage of an appropriate legal framework for the management and development of the Petroleum Industry in Nigeria, has proposed a National Stakeholders Workshop on Petroleum Industry Reform, scheduled to hold from Monday, June 13 – Wednesday, June 15, 2016, at the International Conference Centre, Abuja.
Victor Nwokolo explained, “the primary objective of the workshop is to bring all stakeholders in the industry together to afford them the opportunity of discussing relevant issues pertaining to the reform of the petroleum Industry in Nigeria and contributing to the development of an appropriate legal framework for petroleum industry reform.
“It is expected that the deliberations at the workshop will enhance the quality of any bill that will in due course be considered by the House, and enhance the quality of debate thereto and hopefully facilitate its smooth passage.
“For the facilitators, participants, and the Nigerian public and particularly, members of the National Assembly, the workshop provides a unique opportunity to learn more about the Nigerian petroleum industry, how it works, why reform has failed in the past, and why it must not fail this time.
“It will give all interested persons a greater appreciation of the opportunities and challenges of the sector from diverse perspectives as well as grant them access to the various, sometimes-divergent positions held in different quarters,” he said.
Nwokolo explained that the workshop would interrogate salient issues that would lead to the emergence of appropriate drafts that is in line with national interests as well as provide direction during the legislative drafting process.
He also said it would promote the emergence of an industry that provides a level playing field for all deserving operators.
Nwokolo expressed optimism that the workshop would provide a platform to harness participants’ expertise, diverse opinions, perspectives and contributions in an atmosphere of mutual respect.
He also said it was expected that the tasks undertaken would be devoid of sentiments and positively driven by the over-riding objective of ultimately aiding a smooth legislative process, leading to the enactment of laws that promote the development and progress of Nigeria.
“Above all, the workshop is intended to result in a connected set of bills which promote transparency; contain robust governance mechanisms; clearly defined roles; provide a standardised and acceptable framework for fiscal and revenue generation and management,” he stated.
He added that the workshop would effectively regulate and maximise the potentials of the upstream and downstream petroleum sectors and positively promote the realisation of environmental and community benefits and corporate social responsibility,” the lawmaker assured.