#ThePetroleumBill

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Senate says PIB signed by Buhari will Boost Economy of the country -NigPilot

Senate has described the accent by President Muhammadu Buhari to The Petroleum Bill as a major victory that has the potential of bailing Nigeria out of its economic predicament and an act that will enable the country to make the most of economic gains of the oil industry for the benefit of Nigerians. Making the remarks today is the Chairman, Public Affairs Committee of the Senate, Dr. Surajudeen Ajibola Basiru while congratulating the Executive arm of the government led by President Mohammadu Buhari, the leadership and members of the National Assembly, and all other stakeholders in the oil industry. Efforts at reaching this stage have been a protracted affair as the Bill, first initiated in 2003 had been subjected to a ping pong affair between the previous Legislatures and the Executive. The 9th National  Assembly finally broke the jinx when it recently passed the Bill after working dispassionately by putting the interest of the Nation first over petty squabbles and other self-interests, thereby laying finally to rest previous failed attempts. Dr. Basiru attributed the success of the accent to the Bill which has now become an Act to the Cooperative efforts of all participating sectors in the process and also the nonconfrontational policy of the present National Assembly. Talking about the benefits of the law, Dr. Basiru said that it will juice up the National Economy by liberalizing the Petroleum Sector and that it will pave way for investors, both local and international, to invest in the oil sector with the government on a competitive basis. President Buhari had on September 2, 2020, forwarded a draft of the bill to both chambers of the National Assembly.   FOR INFORMATIONAL PURPOSES ONLY. The content of this Website is made available by the Nigerian Pilot Newspaper Publisher. This Website seeks to facilitate the dissemination of informative, with engaging, and constructive news about events in Nigerian, Africa, and Globally as they happen. The "Distributor" of this Information are the Nigerian Pilot Newspaper and Nigerian Pilot Tv brands of Dom Communication, LLC. DISCLAIMER: FAKE NEWS PUBLICATION. This Website NigPilot collects information from several Independent Reporters and may contain unauthenticated and/or copyrighted materials the utilization of which has not generally been explicitly approved or authorized by the copyright proprietor. NigPilot with concern to increase in misleading social media publications, please report any Fake, False, or Misleading News to info@nigpilot.ng for immediate action. FAIR USE NOTICE. In accordance with THE LAW, the material on this Website is included for informational and educational purposes. If you wish to use copyrighted material from this site for purposes of your own that go beyond “fair use,” you must obtain permission from the copyright owner or Nigerian Pilot WEBMASTER. For Nigerian Pilot Newspaper Advert Rates Click Here! Read the full article