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Okowa stated this when he received on courtesy visit, the Co-Chairman, National Assembly Joint Committee on Petroleum Industry Bill, Rt. Hon. Mohammed Monguno and members of the committee at Government House, Asaba.
He said that investments in the nation’s oil industry would be upscaled as soon as the Bill was passed.
He disclosed that the people of Niger Delta were gladdend to hear of the renewed commitment of federal lawmakers towards passing of the PIB.
The governor expressed delight with the inclusion of Host Communities Fund in the PIB Bill, saying that the provision of the fund would make the people part-owners of the ventures and encourage them to secure oil facilities.
He acknowledged that the committee members were in the state “for a very important assignment, something that we have not been able to achieve as a county in the last 14 years.
“You have come obviously for a very important assignment, something that we have not been able to achieve as a county in the last 14 years.
“If you do achieve it, your name will be definitely written in gold because for too long we have been talking about this bill and we are already endangering the oil industry.
“People are agitated towards the direction of the PIB and when there is an anticipation and action is not clearly taken, it leads to the loss of investment opportunities because people are worried about the direction of the industry.
“There is no doubt that oil exploration has kept our econony but over time it has caused so much pain to our people and this bill is geared towards addressing some of those pains.
He said “people have lost their lives, lost their source of living and the pain continues to increase on daily basis, but we thank God that the dark days are over and there is an amnesty programme even though it is not being run as it was proposed by the Yar’ Adua’s administration.
He said that the National Assembly was working closely with the Executive arm and other stakeholders to ensure the passage of the Bill.
“We are committed this time around to pass the bill for the good of Nigeria.
“There is need for us as a country to reform the oil and gas sector, especially as the world is moving away from fossil fuel to renewable energy and it is important we take advantage of the opportunities available,” Monguno said.
Nigeria’s federal lawmakers have been unable to pass the bill and get presidential accent in the last 14 years.
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