PIB may not be passed by the end of the year

Senator Lee Maeba, the chairman of the senate committee on upstream petroleum, according to Next has chastised Emmanuel Egbogah, the senior special adviser to the president on petroleum matters for stating that the PIB would be passed by the end of the year. According to Maeba, the executive cannot speak for the legislature in terms of when a bill would be passed. Whilst we agree with this statement in principle, we must nevertheless reiterate that the delayed passage of the PIB has significantly impacted oil and gas investment in Nigeria. We encourage the legislature to use their best efforts in ensuring that a good bill is passed as soon as possible.