Senator raises hope of PIB passage

[PeoplesDaily]

Senator Nkechi Nwaogu, Chairman, Senate Committee on Oil and Gas Resource, said that she was optimistic that the Petroleum Industry Bill (PIB) would be assented to before the end of 2013.

Nwaogu told newsmen in Aba on Monday that consultations were still on with stakeholders, especially from the northern part of the country, to address fears on the bill's contents.

According to her, any moves by any section of the country to delay the passage of the bill will do more harm than good.

She said that the PIB would transform Nigeria's economy, unbundle the gas sector and moderate how businesses should be done in the oil and gas sector.

"I am optimistic that with the PIB before the National Assembly, it is expected that the gas sector will be unbundled and be more transparent," Nwaogu said.

She said that infrastructure decay and poor funding of public goods were major challenges facing the development of the gas sector in the country.

Nwaogu said that partnership between the Federal Government and the private sector would attract growth to the oil and gas industry. (NAN)

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