The Petroleum Industry Bill when harmonised by the National Assembly and sent to the President Muhammadu Buhari for assent, will receive timely consideration, Vice President Yemi Osinbajo has assured.
Osinbajo explained that giving a speedy assent to the PIB was imperative, because
Nigeria’s preparedness for oil and gas industry stability and growth in the wake of energy transition dynamics, cannot be over emphasized.
The Vice President represented by the Minister of State for Petroleum Resources, Chief Timipre Sylva, said this at the just concluded 20th Nigerian Oil and Gas Conference in Abuja, NOG2021, with the theme, fortifying the Nigerian oil and gas industry for economic growth and stability.
The number two citizen said the PIB when passed into law, will provide to the country’s oil and gas industry, the most attractive governance in Africa.
He added that the future survival and success of many players in the industry would not only depend on their achieving greater focus on cleaner energy source, but also upon the ability to deliver low-cost solutions. “As you are aware, just last week, the National Assembly passed the long-awaited Petroleum Industry Bill.
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