National Assembly Commends President Buhari for accent of Petroleum Bill - Senate Spokesperson

The Senate has described the accent of 'The Petroleum Bill' by President Mohammadu Buhari as a major victory that has the potential of bailing Nigeria out of its economic predicament and an act that will enable the country to make the most of economic gains of the oil industry for the benefit of Nigerians.

The remarks was made today by the Chairman, Senate Committee on Media and Public Affairs, Dr. Surajudeen Ajibola Basiru while congratulating the Executive arm of the government led by President Mohammadu Buhari, the leadership and members of the National Assembly and all other stakeholders in the oil industry.

He emphasized that efforts at reaching this stage have been a protracted affair as the Bill, which was first initiated in 2003 was subjected to ping pong affair between the previous Legislatures and the Executive. 

The 9th Assembly led by Dr Ahmad Ibrahim Lawan, finally broke the jinx when it recently passed the Bill after working on it thoroughly by putting the interest of the Nation first over any petty squabbles and other self interests, thereby laying finally to rest previous failed attempts.

Dr. Ajibola Basiru, representing Osun Central attributed the success of the accent of the Bill which has now become an Act, to the laudable cooperative efforts of participating sectors in the procress and also the non confrontional policy of the present National Assembly. 

Talking about the benefits of The Petroleum Bill, Dr Basiru said that it will juice up the National Economy by liberalising the Petroleum Sector and that it will the pave way for investors, both local and international to invest in the oil sector with government on a competitive basis.

It could be recalled that President Mohammadu Buhari had on September 2, 2020 forwarded a draft of the bill to both chambers of the National Assembly.