Rt. Hon Femi Gbajabiamila has said the House of Representatives would ensure that the Petroleum Industry Governance Bill (PIGB) becomes law before the end of June.
The Speaker, who noted that the PIGB is on the list of priority bills the lawmakers would act on said although the bill has been in the National Assembly for several years, the current Assembly is committed to its passage.
Speaking when a delegation of the Experts Advisory Panel of the Nigeria Natural Resource Charter paid him a courtesy call at the National Assembly complex in Abuja on yesterday, Gbajabiamila lauded the group for their collaboration, adding that these are the things the House look forward to.
“These are the things we need to do. The legislature needs to work with you. We need to work together. Oil and gas is an integral part of our economy. It remains the mainstay of our economy, and so we have to work together to protect it.
“It requires us to work with those who understand the nuances of that sector. For the oil and gas industry to develop, there has to be a symbiotic relationship. You have the knowledge and we have the capacity to make it happen.
“PIGB is on the front burner. We intend to start the process soon. We are hoping that by June, we will be able to see the light at the end of the tunnel.”
He also said that the House would use the zeal and patriotism with which it passed the Deep Offshore Sharing Agreement Law to pass the PIGB.
While stating that the house is putting the country first being the reason for the Deep Offshore bill, the Speaker said same will be done with the PIGB.
In his earlier remark, the leader of the delegation, Odein Ajumogobia, who is a former Minister of State for Petroleum Resources, said the panel was at the Speaker’s office to seek his understanding and cooperation to pass some bills that could boost the Nigerian economy.