New investment benchmarks will transform NNPCL-House of Reps ... Reiterates PIA has potential to impact Nigeria positively
In its efforts to ensure maximum output and smooth operation in the oil sector, the House of Representatives caucus pledged to support President Bola Tinubu-led administration to achieve a seamless implementation of fuel subsidy removal and other aspects of the Petroleum Industry Act 2021. According to House of Reps caucus consisting of over 50 members drawn from across the country, the Petroleum Industry Act 2021 is the most audacious attempt to overhaul the petroleum sector, once bedevilled by controversies and uncertainties. Hon. Seso Ikpagher (Benue APC) who disclosed this ,described the PIA as the best thing to happen to Nigeria’s oil sector and one of the numerous reforms birthed by the Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Engr. Mele Kyari. He, however, lamented that the implementation of the law and operationalisation of its objectives remains a cause for serious concerns. If properly ef...