Passage of PIGB: CISLAC commends the House, calls for the passage of other outstanding PIG Bills
The Civil Society Legislative Advocacy Centre (CISLAC) commends the House of Representatives for the recent passage of the much awaited Petroleum Industry and Governance Bill (PIGB).
While we welcome and applaud the passage, we find such development worthy of commendation as it will, to appreciable extent, promote transparency, accountability and governance, as well as curtail monumental financial losses in our nation’s oil and gas sector.
We are not unaware that the passage, which aims primarily at the restructuring and reformation of the nation’s oil and gas sector has set the pace for unbundling of the Nigeria National Petroleum Corporation (NNPC) to establishing independence agency for effective operationalization and regulation of the sector and merger of its subsidiaries into an entity for appropriate supervision and coordination.
We recall that both the House and the Senate passed the PIGB for a second […]