PIA: HOUSE OF REPRESENTATIVES CALLS FOR CONTINUOUS REVIEW TO MEET GLOBAL, LOCAL NEEDS 12-12-23
By Sadiq Aminu The House of Representatives has stressed the need to ensure continuous review of the Petroleum Industry Act (PIA) in order to be attuned to the evolving dynamics of the global energy landscape and the Nigerian context.
The Chairman House Committee on Petroleum Resources (Upstream) Alhassan Ado-Doguwa, stated this during the inaugural meeting of the Standing Committee.
This he said can be achieved through shared vision, and synergy and by instituting transformative changes that will resonate through the industry and across the fabric of the society.
He observed that the legislation signaled a new dawn of reform intended to revitalize an industry that is the lifeblood of the country’s economy.
Ado-Doguwa therefore called for the collaboration of all stakeholders within the industry to drive the development of the sector.
“Let us march forward with determination and a relentless pursuit of excellence. Together, we are poised to redefine the narrative of our petroleum sector and chart a course towards a future replete with prosperity, stability, and opportunity for all Nigerians,” he said.
He said the inauguration was not just a formality but the embodiment of the collective resolve to steer the nation’s petroleum sector toward unprecedented heights.