The Federal Government is re-introducing a revised version of the Petroleum Industry Bill (PIB) to the National Assembly within the next two weeks.
TImipre Sylva, the minister of state for Petroleum Resources confirmed this in an interview over video conference with Kadaria Ahmed, veteran journalist, which aired on Channels Television, Sunday evening.
Sylva also said that the new PIB has merged the various aspects of the bills including fiscal, administration, governance and host community aspects into one bill which would be considered together for passage.
Sylva further said that in order to prevent previous delays in the passage of the bill, the government has embarked on broad consultation with stakeholders to arrive at a bill that would not be encumbered in the national assembly.
The PIB was first introduced over a decade ago but has been unable to be passed. The 8th national assembly successfully passed the governance aspect of the bill but President Buhari refused to assent the bill.
Isaac Anyaogu
Isaac Anyaogu is an Assistant editor and head of the energy and environment desk. He is an award-winning journalist who has written hundreds of reports on Nigeria’s oil and gas industry, energy and environmental policies, regulation and climate change impacts in Africa. He was part of a journalist team that investigated lead acid pollution by an Indian recycler in Nigeria and won the international prize - Fetisov Journalism award in 2020.
Mr Anyaogu joined BusinessDay in January 2016 as a multimedia content producer on the energy desk and rose to head the desk in October 2020 after several ground breaking stories and multiple award wining stories. His reporting covers start-ups, companies and markets, financing and regulatory policies in the power sector, oil and gas, renewable energy and environmental sectors
He has covered the Niger Delta crises, and corruption in NIgeria’s petroleum product imports.
He left the Audit and Consulting firm, OR&C Consultants in 2015 after three years to write for BusinessDay and his background working with financial statements, audit reports and tax consulting assignments significantly benefited his reporting.
Mr Anyaogu studied mass communications and Media Studies and has attended several training programmes in Ghana, South Africa and the United States
