By Kate Onyeka
A group of civil society organisations advancing transparency and accountability in the extractive sector has said the existing Petroleum Industry and Governance Bill (PIGB) before President Muhammadu Buhari would enhance fiscal efficiency and streamline operations in the oil and gas sector, if eventually transmitted into law.
The group, led by Civil Society Legislative Advocacy Centre (CISLAC) with support from FOSTER, gave this hint during advocacy visits to media outfits in Abuja.
Speaking during the visits, the Programme Manager on Environment and Conservation of Nature, CISLAC, Kolawole Banwo, recalled that the Bill was passed by both chambers of the National Assembly on March 28, 2018 and transmitted for assent by the President on July 3, 2018.
According to Mr Banwo, the Bill offers sweeping reforms in the oil and gas industry to make for increased fiscal benefits and streamlined operations in line with best global practices.
He said in order to enable the desired reform in conformity to […]