Nigeria’s Senate President, Dr. Bukola Saraki, on Tuesday, said the Legislature will continue to pressure the Executive to assent to the Petroleum Industry Governance Bill (PIGB) 2018.
The Senate President who stated this at the Nigeria Economic Summit (NES) in Abuja, said the Senate has done its bit to see that the PIGB becomes law.
He said the Legislature took up sponsorship of the bill which should have been an executive bill, while regretting the non assent to the bill by President Muhammadu Buhari.
“The PIGB should have been an executive bill, unfortunately, it was not. However, we took the responsibility to drive that bill to a place that has never been achieved before.
“A lot of people felt we couldn’t do it, but we showed them we had the political will and the commitment to do it. Our intention is make the petroleum sector more transparent and accountable,” Dr. Saraki said.
The PIGB, which seeks to reposition the Nigerian oil and gas sector for more efficiency by providing better governance and institutional framework was passed by the Senate in March 2018. The bill was however, vetoed by President Buhari to the shock of stakeholders.
According to Saraki the PIGB should have been seen by the Executive as a national priority due to its potential to sanitise the age-long rot in the oil sector.
“If we want to make the petroleum sector more efficient, there must be a systematic, transparent approach,” the Senate President added.
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