the leaders described the passage of the complete version of the Petroleum Industry Bill is another landmark of President Muhammadu Buhari’s administration
Niger Delta leaders on Friday
highlighted the gains of the Petroleum Industry Bill (PIB), declaring the passage
by the 9th Nigeria National Assembly as a pointer to Nigeria’s
path to greatness and development.
‘It is another benchmark for ensuring
transparency and accountability in the oil and gas industry. We see a country
on the point of incredible achievement and advancement’ the leaders said.
In a statement in Port Harcourt, the
leaders described the passage of the complete version of the Petroleum Industry
Bill is another landmark of President Muhammadu Buhari’s administration.
‘It is a good development that is
capable of yielding a beneficial outcome’ the leaders said.
The prominent leaders commended the
efforts of President Muhammadu Buhari, the Minister of State for Petroleum
Resources, Chief Timipre Sylva and the 9th National Assembly lawmakers in
repositioning of Nigeria’s oil and gas industry.
‘This is another benchmark set in
Nigeria, in a crucial sector that is key to Nigeria’s economic growth and
The statement signed by the Chairperson
of the Niger Delta People’s Movement (NDPM), Mrs Ibifuro Tatua expressed the
region’s hope in the ability of the stakeholders in the oil and gas sector to
take full advantage of the current development.
The statement underscored global
competitiveness and best practices, restructuring of institutions and local and
The leaders implored the Federal
Government to make the best of it because it gives the international community
an assurance that
”Nigeria has provided a strong legal and policy framework as
well as an enabling environment for investment”.
‘The passage of the Petroleum Industry
Bill will help the business image of Nigeria in the international scene.’
The statement also emphasised the
commercialization of the Nigerian National Petroleum Corporation (NNPC),
establishment of new regulatory bodies and 3% profits from oil companies to