The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged that amendments under Executive Order 9 be subjected to legislative process to safeguard stability in the oil and gas sector.
President of PENGASSAN, Festus Osifo, said this on Tuesday, in Abuja, while addressing newsmen at the opening of the association’s National Executive Council (NEC) meeting.
President Bola Tinubu had, on Feb. 13, issued Executive Order 9 to reform oil and gas revenue management and enhance transparency in government earnings.
The order directs that all petroleum revenues, including royalties, taxes and profit oil, be paid directly into the Federation Account to curb leakages and enforce constitutional provisions.
Osifo said the provisions of the order could undermine existing laws guiding the petroleum industry, particularly the Petroleum Industry Act (PIA).
According to him, any attempt to amend industry laws through executive orders rather than legislative processes threatens transparency and sectoral confidence.
The PENGASSAN president urged the Federal Government to channel all proposed legal amendments through the National Assembly for proper debate and stakeholder engagement.
