Hope Rises As PIB Gets Final Push

 

THERE are indications that the Peoples Democratic Party (PDP)-led National Assembly is in talks with the leadership of the Assembly to ensure that the Petroleum Industry Bill (PIB) is passed before June 4, 2015 when a new legislative body will be inaugurated.

This comes as the latest audit report of the Nigeria Extractive Industries Transparency Initiative (NEITI) said Nigeria lost a whopping N1.960,108 trillion to crude oil theft and sabotage in 2012.

The Guardian gathered in Abuja yesterday that still smarting from the loss of the presidential election, the ruling party may have launched a last-minute effort at ensuring the passage of the bill as a parting gift to Nigerians.

The party also sees the possibility of the All Progressives Congress (APC), which will assume the majority party in the National Assembly from June 4, passing the bill in record time. Since the PIB is seen as a major revolution of the oil and gas sector, the PDP has reportedly told its members in the Senate to ensure its passage.

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