NNPC SPLITS PIB FOR EASY PASSAGE, SAYS OIL COY BOSS

With the delay in the passing of the PIB, the nation's oil coy, Nigerian National Petroleum Corporation (NNPC) says it has split the Petroleum Industry Bill into four for easy passage into law.


This was the disclosure of the Group Managing Director of the NNPC, Maikanti Baru, Tuesday, while speaking at the Department of State Services’ (DSS) Executive Intelligence Management Course (EIMC) in Abuja.

According to Baru in a statement signed by Ndu Ughamadu, Group General Manager, Group Public Affairs Division, the splitting was done under the leadership of Ibe Kachikwu, Minister of State for Petroleum Resources, and President Muhammadu Buhari.

The action was taken to allow the National Assembly deliver on the promise of “speedy passage”, adding that a cordial relationship between both arms of government will help Nigeria deliver on set goals.

“NNPC management under the leadership of Dr. Ibe Kachikwu with the support of President Muhammadu Buhari have split the Petroleum Industry Governance Bill (PIGB) into four segments", the statement read.

“Government agencies will flourish well when all efforts are harmonised and aligned within government’s overall objective. Government business, such as the NNPC will benefit a lot from a constructive executive-legislative interplay".

Speaking on the state of the PIB, Baru said the corporation was working with the lawmakers to ensure the passage of the bill.

“We are currently working with the national assembly to ensure the passage of the Petroleum Industry Governance Bill (PIGB)".

“Today, NNPC has a full department on National Assembly, headed by a General Manager which shows its dedication to managing relationship between the NNPC and the National Assembly”, Baru stated.

“The cordial relationship between us the national assembly resulted in the speedy passage of the Local Content Law in 2010, sponsored by NNPC through a member’s bill. (TV360 Nigeria)".