NNPC splits Petroleum Industry Bill into 4 segments

Posted by News Express | 29 March 2017 | 1,478 times

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•NNPC GMD, Dr. Maikanti Baru.

The Nigerian National Petroleum Corporation (NNPC) says it has split the Petroleum Industry Bill into four for easy passage into law

Group managing director of the state oil firm Maikanti Baru, disclosed this on Tuesday, while speaking at the Department of State Services’ (DSS) Executive Intelligence Management Course (EIMC) in Abuja.

According to Baru splitting was done under the leadership of Ibe Kachikwu, minister of state for petroleum resources, and President Muhammadu Buhari.

He added that 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.”

“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.

On the state of the PIB, Baru said the firm was working with the lawmakers to ensure the passage of the bill.

“We’re 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,” he said.

“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)

Source: News Express

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