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Published On: Mon, Jul 29th, 2019

PIB hampered by vested interests – Hon. Akpatason

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By Christiana Ekpa

The Deputy Majority Leader of the House of Representatives, Hon. Peter Akpatason (Edo APC) has disclosed that the Petroleum Industry Governance Bill, (PIB) has been the most politicized bill since the 7th National Assembly, adding that the success of the Bill is being hampered by vested interest.
This was as the lawmaker emphasized the need for the executive and the legislative arms of government to come together and get experts to work out the best draft.
Peoples Daily reports that the PIB was passed by the 8th National Assembly but President Muhammadu Buhari declined assent to the bill citing anomalies, especially on the reduction of powers of the Minister of Petroleum over Nigerian National Petroleum Corporation (NNPC).
The lawmaker, however told journalists in Abuja that the bill which dated back to the 7th Assembly (2011- 2015) has been hampered by vested interests among stakeholders in the oil and gas industry.
According to him, the only way PIB can scale through without much delay is for the executive and the legislative arms of government to come together and get some experts work out the best draft.
“PIB has been the most politicised bill in the National Assembly, all the way from the 7th Assembly. PIB has been the most politicised project, all the way from the executive and even right here in the National Assembly because of a lot of contending interests all over the place.
“The multinationals formed its block and interest. In politics we have all our various interests all through. The refining block is another, the marketers are another factor, and transporters are another big factor.
“A lot of people are benefiting from a dysfunctional oil sector and these people are very powerful and highly influential people, people that can manipulate anything possible in this country.
“That is why you see that even the draft that comes to the National Assembly, you see elements of political twisting and if you try to correct at the level of committees, these interests will come to play”, he revealed.

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