Nigeria to get more oil revenue with PIB – Lawan
The Senate President, Ahmad Lawan, said on Tuesday Nigeria would generate more revenue from the oil and gas industry with the passage of the Petroleum Industry Bill (PIB).
Lawan, who disclosed this during a chat with journalists in Abuja, said the Senate would consider the PIB for passage when they resume from the Christmas break on January 26.
The briefing was put together by the upper legislative chamber as part of activities marking its president’s 62nd birthday.
He described the PIB as a very important piece of legislation that would get the lawmakers’ necessary attention when they resume plenary.
He said: “By the grace of God when we resume, we will start work on the Petroleum Industry Bill (PIB); that is going to be one legislation that not only Nigeria but the entire world is waiting for because that will change our economy.
“Money will start flowing. So we want you (journalists) to be in that journey with us so that you too, when the history of PIB passage and assent will be written, your names will be reflected.
“We promised Nigerians that we are going to achieve that by the grace of God in 2021.”
The Senate president, however, said there were people within and outside the country who were opposed to the passage of the bill.
READ ALSO: Lawan challenges govt to think of economy without oil
“There are people both within and outside the country who will work against it but it is going to take the strength of our patriotism to pass it,” Lawan added.
He assured Nigerians that the Senate would give the PIB the same attention accorded the Deep Offshore Production Sharing Contract bill.
“When in 2019, we said we will pass the amendment to the Deep Offshore Production Sharing Contract in this House, we spent nights.
“We close by 2:00 a.m. or 3:00 a.m., just working to amend that act, people didn’t want it to happen because it stopped what has been happening for 20 years.
“In a week, they thought it was a joke. In a week we finished the amendment because the House was on recess, the day they returned, they concurred.
“Mr. President knew how important that amendment was. He was in London and that bill was flown to him and he signed on a Sunday just to give that amendment the validity that was needed,” he concluded.
President Muhammadu Buhari forwarded the PIB to the Senate for consideration in September last year.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: How insider abuse, shoddy handling of contracts by non-existent firms hamper teachers’ productivity in Kano
In efforts to improve productivity of teachers in public schools in Kano State, the state’s Ministry of Education, disbursed over...
A tale of Kwara public school where pupils learn under the tree without chalkboards
“You cannot make people learn. You can only provide the right conditions for learning to happen.” – Vince Gowmon But...
SPECIAL REPORT: Indiscriminate waste dumps, open defecation pose threat of epidemic in Kwara as govt slow to act
Forty three-year-old Bilikis Abdulrahman covered her pineapple fruit she is selling inside a white bucket container. This, she does to...
SPECIAL REPORT: Women displaced by conflict in North-Central Nigeria become farm helps to survive
Displaced women finding refuge in Abagena camp for Internally Displaced Persons (IDP) camp in Makurdi, Benue State have resorted to...
FEATURE: Kwara residents cry out for help as rainstorm devastates their homes
Phillip Moffitt, an American author, said: “the house is a home when it shelters the body and comforts the soul”,...