The Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Babajide Omoworare, has described passage of the Petroleum Industry Bill (PIB), by the Senate on Thursday, as broken of an age long Jinx.
Omoworare in a personally signed statement , the congratulated President Muhammadu Buhari, the Senate President, Ahmed Lawan, and the Speaker House Representatives, Femi Gbajabiamila on the passage of the Petroleum Industry Bill by the National Assembly.
He noted that the efforts by the Executive and Legislature in Nigeria to put in place contemporary legislative and legal framework in the oil and gas sector has proved abortive since the year 2000.
According to him, the non-amendment of the extant framework being the Petroleum Act of 1967, has affected inflow of Foreign Direct Investment as well as growth in Local Content.
“Breaking this jinx and achieving this feat is a testament that the Executive and the Legislature can really work together and truly engage each other, without compromising party position and individual perspective, in the most positive manner with a view to actualizing the common goal and communal good for Nigerians.
“I would like to thank the entire Leadership and Members of the Senate and House of Representatives, as well as the Minister of State for Petroleum, Timipre Sylvia, and the Group Managing Director of Nigeria National Petroleum Corporation , Mele Kolo Kyari, for their focused and tenacious attitude to achieving this milestone”, he said.
