The House of Representatives is to hold a stakeholders conference on the new Petroleum Industry Bill, PIB, following the inability of the executive to forward a new version of the legislation.
The summit, according to the House will collate suggestions on the new bill that will be presented for legislation by the House.
A statement from Speaker’s Media Office said “the primary objective of this workshop is to bring all Stakeholders in the industry together to afford them the opportunity of discussing relevant issues pertaining to the reform of the Petroleum Industry in Nigeria and contributing to the development of an appropriate legal framework for petroleum industry Reform. It is expected that the deliberations at the workshop will enhance the quality of any Bill that will in due course be considered by the House, and enhance the quality of debate thereto and hopefully facilitate its smooth passage.”
The statement said for the facilitators, participants, and the Nigerian public and particularly, members of the National Assembly, the Workshop provides a unique opportunity to learn more about the Nigerian petroleum industry, how it works, why reform has failed in
the past, and why it must not fail this time.
It will also give all interested persons a greater appreciation of the opportunities and challenges of the sector from diverse perspectives as well as grant them access to the various, sometimes-divergent positions held in different quarters.
Consequently, the workshop will interrogate salient issues that will lead to the emergence of appropriate drafts that is in sync with national interests as well as provide direction during the legislative drafting process while promoting the emergence of an industry that provides a level playing field for all deserving operators.
“Above all, the workshop is intended to result in a connected set of Bills which promote transparency; contain robust governance mechanisms; clearly define roles; provide a standardized and acceptable framework for fiscal and revenue generation and management; effectively regulate and maximise the potentials of the upstream and downstream petroleum sectors; and positively promote the realisation of environmental and community benefits and corporate social responsibility”.
Speaker Yakubu Dogara, had early this year announced that the green chamber was drafting its own version of the bill as a result of failure by the executive arm of the government to forward its proposed version of the law.
The National Stakeholders Workshop on Petroleum Industry Reform, is scheduled to hold from Monday 13th – Wednesday 15th June 2016, at the International Conference Centre, Abuja.