Reps to pass PIB next one month

Posted by News Express | 8 June 2018 | 1,173 times

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•House of Reps plenary

Mr Fred Agbedi, Chairman, House of Representative Committee on Gas, has assured that the lower house would pass the Petroleum Industry Bill (PIB) in the next one month.

Agbedi disclosed this at the Natural Gas Business Forum 2018 hosted by the Nigerian Gas Association in Lagos.

He said that the decision to fast-track the passage of the bill was borne out of the need to lay down solid foundation for an enduring petroleum law in the country.

He said the house would have passed the bill earlier, but was constrained by floods of conflicting presentations by gas stakeholders on the bill.

The lawmaker said that the lower house was desirous of fashioning out robust laws that would strengthen the nation’s business environment through collaboration with stakeholders in the gas sector.

Mr Justine Ezeala, who represented the Managing Director of Nigerian Gas Company, emphasised the need for the private and public sector collaboration to ensure the growth of the nation’s gas sector.

Eseala said that the NGC was well positioned to changing the face of gas and also ensuring that the sector delivers the right input to the sector.

In his remarks, Mr Ed Ubong, Managing Director of Shell Nigeria Gas, said that his company had been in the vanguard of developing domestic gas sector and had initiated vertical integrated program leading to Shell’s divestment into the power sector.

This, he said, had enabled his company to develop 650MW of power plant and linked up several industrial and manufacturing businesses into the country’s supply network.

Also speaking, Dr Layi Fatona, the Managing Director of ND Western, lamented on the fragmented policies of Federal Government, saying that had caused serious setback to the nation’s gas sector.

He said the Nigerian Gas Master Plan, which was nurtured by the Nigerian National Petroleum Corporation, designed to transform the sector had jettisoned by the current government in favour of a new policy direction called ‘7-Big Wins’ of the current government.

He advised that once a policy document was made and adopted, efforts should be made to implement it.

 


Source: News Express

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