OrderPaperToday – The Speaker of the House of Representatives, Yakubu Dogara, has revealed the reason why the Petroleum Industry Bill (PIB) could not be passed yet.
Whilst opening the public hearing on Petroleum Industry Reform Bills at the National Assembly on Tuesday, he noted that several Committees in the House had found it hard to understand the bill because the document was far too complex to assimilate.
Dogara hinted that the separation of the bill into different components has eased passage. The Bills considered at the hearing were the Petroleum Industry Administration Bill, the Petroleum Industry Fiscal Bill and the Petroleum Host and Impacted Communities Bill.
He explained that the passage of the bills would save the country billions of Dollars and usher the nation’s oil sector into 21st Century levels of efficiency.
Additionally, Dogara dismally noted past assemblies’ inability to pass important bills, blaming this on the lack of political will.
“This, in my opinion, was as a result of insufficient consultations, weak ownership of the Bill, absence of requisite political will as well as the extremely divergent and competing views of the government and other major stakeholders on the provisions of the Bill,” he said.
Finally, the Speaker reiterated his and the entire House’s commitment to passing the bill.