PIGB inimical to Niger Delta’s interest, stakeholders insist

A tacit endorsement of President Muhammadu Buhari’s decision not to sign the troubled Petroleum Industry Governance Bill (PIGB) appear came from some stakeholders in the Niger Delta, who view the proposed law as inimical to the interest of the region.

They were, however, quick to stress that they were not averse to the reformation of the oil industry as long as it takes care of their clamour for resource control.

Former Petroleum Minister, Prof Tam David-West, told The Guardian that the PIGB was defective in several aspects, including the planned unbundling of the NNPC into two limited liability companies that would pave way for the privatisation of the country’s oil and gas assets.

David-West argued that all that is required to manage the NNPC was honesty and dedication, alleging that anyone suggesting that the NNPC should be unbundled into two limited liability companies so that the national oil and gas assets can be sold in the stock exchange is a criminal.

The Guardian, September 2, 2018

 

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