The Minister of State for Petroleum Resources, Dr Timipre Sylva, on Tuesday assured that the passage of the Petroleum Industry Bill (PIB) will not go beyond June 2021.
The Minister, in a chat with newsmen in Abuja, noted that efforts to ensure passage of the bill before the National Assembly are still on course.
According to him; “I want to tell you that PIB is fully on course and we are very happy because we have focused on that for a long time and we had many meetings with the National assembly and stakeholders.
“Today, I believe that we are all basically satisfied with where we are.
“The National Assembly has given a timeline, they actually gave April but a few things, but give or take, I still believe that the passage of the PIB will not go beyond June.
“We are hopeful that between now and June, they will pass the PIB, I don’t think we are faraway with the passage of the PIB’’.
Sylva further said that the common man is worse hit but always fight the government whenever it is said it would be removed, adding that the truth is that the common is not benefiting from the subsidy.
Sylva, however, asked the citizenry to support government’s efforts towards ensuring full deregulation as the government had exhibited political will and commitment to announce deregulation for the downstream sector March 2020.
The former governor of Bayelsa State in February this year, assured stakeholders that the PIB will enshrine an “investor-friendly, market-led gas pricing structure
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