National Assembly panel pledges to ensure quick passage of PIB

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The National Assembly has assured that the lingering Petroleum Industry Bill (PIB) will be passed for presidential assent within one

or two months for the development of host communities and to ensure that major oil companies do not relocate from the country.

He added that to attract investments into the country, there must be a deliberate attempt to consider the interests of all stakeholders and resolve all grey areas before its passage. Speaking, a former Minister of Lands, Housing and Urban Development, Nduese Essien, said the bill should consider all issues raised by all parties to resolve the yearnings of the petroleum industry and host communities.

 

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