By Lateef Ibrahim, Abuja
Former Vice President, Alhaji Atiku Abubakar has appealed to President Muhammadu Buhari to assent to the Petroleum Industry Governance Bill (PIGB), saying that it (the bill) will be a great catalyst for Nigeria’s oil and gas sector.
The PIGB, Atiku pointed out, has the capacity of stabilising Nigeria’s host communities, boosting our reserves and creating the enabling environment that attracts the type of investment that will make Nigeria a world leader in the petroleum industry.
The former vice president and presidential aspirant of the Peoples Democratic Party, PDP, said this in a statement personally signed by him in Abuja Atiku declared that it is rather unfortunate that President Buhari has rejected the Petroleum Industry Governance Bill (PIGB) that the National Assembly in conjunction with the oil majors and host communities put in so much work to come up with, saying he is of the opinion that it is a monumental mistake not to sign the Bill.
He stated that the reason given by the President for rejecting the bill also betrays the fact that the current administration is out of tandem with global best practices.
According to him, “The Petroleum Industry Governance Bill (PIGB) will be a great catalyst for Nigeria’s oil and gas sector and has the capacity of stabilising our host communities, boosting our reserves and creating the enabling environment that attracts the type of investment that will make Nigeria a world leader in the petroleum industry.
“It is rather unfortunate that President Muhammadu Buhari has rejected the Petroleum Industry Governance Bill (PIGB) that the National Assembly in conjunction with the oil majors and host communities put in so much work to come up with. I am of the opinion that this is a monumental mistake.
“The reason given by the President for rejecting the bill also betrays the fact that the current administration is out of tandem with global best practices. Saying that the Bill will “whittle down” the President’s powers is most unfortunate.
