Senate President has called on Presidential Implementation Committee set up by President Muhammadu Buhari to ensure the timely execution of the Petroleum Industry Act (PIA).
The bill was assented to by the president on August 16, 2021.
Lawan stated this on Tuesday in a speech delivered to welcome Senators back from the upper chamber’s two-month annual recess.
“Distinguished Colleagues, before we embarked on our recess we had accomplished the targets that we set for ourselves. We passed the Petroleum Industry Bill (PIB), and also passed the Electoral Act Amendment Bill 2010.
“These were landmark legislations targeted at enhancing the Oil and Gas Sector in our Country and improving the Electoral system in our dear Nation.
“Distinguished Colleagues, as we are all aware, Mr. President assented to the Petroleum Industry Bill on 16th August, 2021 making it an Act of parliament.
“Also, the President had set up an implementation Committee to start the execution of the provisions of the Petroleum Industry Act.
“I want to take this opportunity to urge the implementation Committee to expedite action so that our Country will start to reap the benefits of the law.”
Lawan charged the Senate Committees on Petroleum Downstream, Petroleum Upstream, and Gas to start oversight on the implementation of the Petroleum Industry Act, with a view to ensuring that the Senate discharges its critical mandate of compliance with contents and dictates of the law.