Top Tweets for #StopPIBDelay
At the heart of our call is the need for the current National Assembly @nassnigeria to accord an emergency attention to the Petroleum Industry Bill (PIB) that is before it and expedite its passage. #StopPIBDelay
The PIB will entrench a domestic gas to power market, as well as increase oil and gas production, whilst protecting the environment.#StopPIBDelay
The PIB also seeks to safeguard the long-term macroeconomic stability of the country, reform the extractive industry’ institutional framework, and provide better clarity for Nigeria and its partners. @nassnigeria #StopPIBDelay
Its been 20yrs without PIB, that is to say that more than a decade has passed yet our oil & gas sector works with outdated law that is to weak to reform the sector.
Nig oil & gas stakeholders & our very own @nassnigeria are aware of this yet they stall PIB passage
#StopPIBDelay
PIB seeks to introduce pertinent changes to governance, administrative, regulatory and fiscal framework of the Nigerian oil and gas industry, in order to ensure an increased level of transparency accountability and strengthen the governing institutions. #StopPIBDelay
From industry experts and analysts; The Petroleum Industry Bill within its framework promises a landscape that is isolated from the political gamble that has pervaded the oil and gas sector for so long. #StopPIBDelay @nassnigeria /1
You remember sometime back in September 2020, @MBuhari who also is the Minister @FMPRng submitted the revised PIB to the 9th @nassnigeria even though this bill was passed by the 8th assembly in 2018 but he failed to assent
#StopPIBDelay
Delay is dangerous. What we have lost to lack of PIB, a new law that will position our oil sector for more effectiveness cannot be quantified.
It makes no sense that @nassnigeria will continue to delay it's passage. #StopPIBDelay
Dear Nigerians on this street, I implore you not to forget that the PIB submitted by @MBuhari last year September to the @nassnigeria for passage, is still held up at the parliament with the oil bearing Host Community of the Niger Delta in a deplorable state
#StopPIBDelay
The story of the petroleum industry bill is now a familiar one, the question is, why the delay?
@nassnigeria
#StopPIBDelay
As I use to say, PIB represents a final opportunity for Nigeria to make additional value from the sector.
The unnecessary delays over the years have wreaked havoc! Not passing the bill this time around is unpatriotic and even devilish!
#StopPIBDelay
I call on @nassnigeria to contribute their capitals on this exceedingly significant enactment,setting up an instrument 4 revitalizing d stakeholders to an accord, and utilizing this law as one of d mainstays of the extension to a truly necessary economic recovery.
#StopPIBDelay
If Oil goes into oblivion today, there are high chances that Niger Delta will be forgotten and left with these oil spills. This is one of the reasons why the delay of the PIB is pathetic!
#StopPIBDelay
The Niger Delta's case might even be worse because the oil spills in the Niger Delta have negative implications on local human health and has made malnutrition predominant as the region is only capable of producing small portions of food unaffected by oil spills.
#StopPIBDelay
The delay of the PIB can to do oil what happened to coal, which was Nigeria’s economic mainstay before independence, but which never added any significant development value before it went into oblivion.
#StopPIBDelay
Ghana’s petroleum sector may not be as complicated as that of Nigeria, however, the fact that Ghana passed the law for its petroleum sector two years after commencing the process should be a lesson for Nigeria.
#StopPIBDelay
@nigeriaeiti in 2015, calculated that Nigeria is losing 120 Billion dollars annually due to regulatory uncertainty in the sector. A new law will mean clarity which will boost investors confidence meaning more companies meaning more jobs!
#StopPIBDelay
Nigeria’s journey to a comprehensive petroleum industry legislative framework has been a long and bumpy ride as two decades have passed without updating the industry’s regulation. The uncertainty is harming the development of the industry.
#StopPIBDelay
There's clearly a need to reform the legislative framework dat ‘controls’ the industry, the Petroleum Industry Bill addresses this.
#StopPIBDelay
The question on the lips of many is if the Petroleum Industry Bill will ever be passed into law?
Nigeria's oil sector is governed by an obsolete law that was enacted and amended in 1959 and 1969 respectively and have left the sector ineffective. @nassnigeria
#StopPIBDelay
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