The Civil Society legislative Advocacy Centre (CISLAC) has urged the National Assembly and the Executive arm of Government to make the Petroleum Industry Governance and Institutional Framework Bill (PIB) 2015 the next major legislation that enjoys consolidated attention for quick passage.
CISLAC, in a release issued by its Executive Director, Auwal Ibrahim Musa (Rafsanjani) recalled that it was reported in the media in December, 2015 that the Federal Executive Council approved a draft of the Bill with a commitment to send it to the National Assembly in the first quarter of 2016.
“We are also aware that the National Assembly has set up a Committee to work on a similar legislation with repeated promises form the Assembly leadership to ensure quick passage and we gathered that the budget, understandably, demanded their full attention.
“We appreciate that the attention devoted the 2016 was necessary as the budget remains a most important law and economic tool for planning to ensure that our people enjoy governance. Now that the 2016 budget has been passed, we call on the Federal Government to prioritise the passage of this legislation that is meant sanitise the oil and gas sector”, Rafsanjani added.
“CISLAC recalls that the Minister for State Petroleum Resources, Dr. Ibe Kachikwu, said that Nigeria is losing $15 billion (N3 trillion) annually due to non-passage of the Petroleum Industry Bill (PIB) into law. We note that despite the restructuring going on the in the NNPC, the fundamental surgery that is required for the sector to be effective and accountable can only be found with the passage of this law which has been elusive for the past 12 years.