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…as some northern governor’s support the move
By Emman Ovuakporie
The House of Representatives northern caucus on Monday collectively agreed to pass the Petroleum Industry Bill, popularly known as PIB adjudged the oldest Bill in Nigeria.
This is just as the northern governor’s throws their weight behind the move of their Representatives.
TheNewsGuru.com, (TNG) reports the move as contained in a communique issued after a one-day retreat held in the outskirts of Abuja.
Read full communique below:
POSITION of the Caucus at the end of the Meeting
(a) The aim of the retreat was to educate and enlighten members on the implications of the Petroleum Industry Bill and of the Future of Nigeria, taking into cognisance the global trend of resource depletion, gas flaring, host communities, climate change, and other attendant realities,
(b) The Retreat recalled that the PIB has lingered on since the advent of democracy in 1999 but could not be passed into law,
(c) The Retreat reiterated its resolve to pass the Bill in this 9th House of Representatives and all resource persons encouraged same,
(d) The Retreat emphasised that the PIB in its present form has a good Fiscal Framework, and
(e) The Retreat strongly advocated for the need to develop frontier basins across the country in order to expand our resource base.
(a) The aim of the retreat was to educate and enlighten members on the implications of the Petroleum Industry Bill and of the Future of Nigeria, taking into cognisance the global trend of resource depletion, gas flaring, host communities, climate change, and other attendant realities,
(b) The Retreat recalled that the PIB has lingered on since the advent of democracy in 1999 but could not be passed into law,
(c) The Retreat reiterated its resolve to pass the Bill in this 9th House of Representatives and all resource persons encouraged same,
(d) The Retreat emphasised that the PIB in its present form has a good Fiscal Framework, and
(e) The Retreat strongly advocated for the need to develop frontier basins across the country in order to expand our resource base.
Also, the northern governor’s in a statement on Monday for the first time the bill was I triduced n year 2000 supported the passage of the oldest Bill in Nigeria.
They listed the benefits of the over 20years old Bill
Read story below:
Some Northern Governors have expressed optimism at the economic impact the petroleum industry will have on the economy of the north if finally assented to by the president.
They say it’s passage will not only boost the economy of the country particularly the north as proceeds from it will be used to develop other sectors like education, agriculture and industrialisation.
They also call for it’s quick passage so that it will not be overtaken by events as previous excersise before this have experienced in the past.
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