More gas infrastructure required for power generation would be constructed in various parts of the country going by the provisions contained in the Petroleum Industry Bill, says the Senate.
Deputy Senate President, Senator Ovie Omo-Agege, said based on activities in the natural gas sector, the PIB, when passed, would facilitate the widespread development of gas projects to increase power generation in Nigeria.
The lawmaker was speaking on Tuesday at a colloquium on PIB and host communities organised by Facility for Oil Sector Transformation in conjunction with the OrderPaper Advocacy Initiative.
“With the expected tremendous increase in activities in the natural gas sector that will come with the new bill, there will be massive networking of natural gas infrastructure, particularly upstream and midstream, Senator Omo-Agege, who was represented at the colloquium by his Chief of Staff, Otive Igbuzor, said.
The senator while outlining some of the benefits of the PIB to host communities of oil assets, said it would create a holistic interface with the ongoing deregulation of the petroleum and electricity sectors of the economy.
This according to him would promote the creation of job opportunities both directly and through petroleum and gas-based industries, as well as other ancillary sectors.
Meanwhile, the Speaker of the House of Representatives Rep. Femi Gbajabiamila on Tuesday said the House was determined to pass a Petroleum Industry Bill that will be acceptable to all Nigerians within the next six months.
Speaking while receiving a delegation of the Oil Producers Trade Section (OPTS) of the Lagos State Chamber of Commerce and Industry, Gbajabiamila said “there are two things that the House would want to do. First, the House is determined to pass the bill within the next six months, or probably less, because the clock has already started running from the time it was presented.
A statement issued on Tuesday by the Special Adviser to the Speaker on Media and Publicity, Lanre Lasisi, quoted him as saying “Two, the House is determined to pass a PIB that is satisfactory to all. I know it’s difficult to satisfy everybody, but we will try our best to satisfy everybody.”
The statement was titled ‘We’ re determined to pass PIB in six months – Gbajabiamila… says House ready to carry stakeholders along’.