The passage of the Petroleum Industry Bill, PIB, would effectively secure the future of Nigeria’s oil and gas sector and attract the much-needed investments into the sector, Mallam Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, said on Monday.
Kyari, who was speaking at the Third Annual Lecture and Awards of ValueChain Magazine, stated that the NNPC was opened to collaboration with all stakeholders to ensure the quick passage of the bill.
The NNPC boss urged all Nigerians, especially the media to continually scrutinize issues in the bill.
“As you all know here, the PIB is by no means the single most important piece of legislation for this administration and by extension for us in the Industry. Although the bill is still not yet over the line after two decades, it gladdens my heart that there is a renewed commitment on the part of everyone to get it passed, he said.
“On our part as NNPC, we shall sustain our unflinching support to the government and the media in efforts at educating the public on this legislation.
The GMD expressed optimism that the PIB will smoothly scale through the remaining legislative hurdles through positive engagement and collaboration between the Executive, the Legislature and other stakeholders.
“So that in the coming days, Nigerians will begin to see that with such legislation in place, the future of Nigeria’s oil and gas industry is certain and assured.
He said the government was also open to partnerships with the media in terms of the capacity building especially as it relates to the PIB.