The reform of the petroleum industry is key and it is an area where we are going to put a lot of focus. Transparency is key. Restructuring is key. Sometimes people don’t realize that the problem hasn’t been NNPC, it is a problem of political will to go forward and implement the outcome of researches and reports that had been done but fortunately for us this time around, that is what the President has brought to the table. He has strong political will to see this through,’’ he said.

Commenting on what the Federal Government intends to do with the draft legislation, Dr. Kachikwu informed that PIB has come to stay though it would take a bit of time to perfect the draft.
“PIB is important, but we need to X-ray the issues. We need at least one year to get it back on track. The reality is that we cannot afford to wait any longer for change in the petroleum sector because of the delay in the passage of PIB, things have got to start happening and that’s exactly what we are doing,’’ the GMD stated.

No law has ever been perfect in my opinion, that is why we have several reviews as the need arise.

What do the IOCs fear so much about the PIB that they have done every thing to frustrate plus planting their man at the helms of NNPC to protect?

zilokontah:
The reform of the petroleum industry is key and it is an area where we are going to put a lot of focus. Transparency is key. Restructuring is key. Sometimes people don’t realize that the problem hasn’t been NNPC, it is a problem of political will to go forward and implement the outcome of researches and reports that had been done but fortunately for us this time around, that is what the President has brought to the table. He has strong political will to see this through,’’ he said.

Commenting on what the Federal Government intends to do with the draft legislation, Dr. Kachikwu informed that PIB has come to stay though it would take a bit of time to perfect the draft.
“PIB is important, but we need to X-ray the issues. We need at least one year to get it back on track. The reality is that we cannot afford to wait any longer for change in the petroleum sector because of the delay in the passage of PIB, things have got to start happening and that’s exactly what we are doing,’’ the GMD stated.

No law has ever been perfect in my opinion, that is why we have several reviews as the need arise.

What do the IOCs fear so much about the PIB that they have done every thing to frustrate plus planting their man at the helms of NNPC to protect?

Interesting