Nigerian President To Not Delay Assent To Petroleum Industry Bill
Jul 7, 2021 ·
4m 51s
Vice President Yemi Osinbajo assured Nigerians that President Muhammadu Buhari will not waste time before signing the Petroleum Industry Bill which has just been passed by the National Assembly. Osinbajo...
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Vice President Yemi Osinbajo assured Nigerians that President Muhammadu Buhari will not waste time before signing the Petroleum Industry Bill which has just been passed by the National Assembly.
Osinbajo described the passage of the legislation as a feat noting that he was not unmindful of the challenges faced by operators in the oil and gas sector.
Osinbajo says the global lockdown triggered by the COVID-19 pandemic had pushed the industry into a state of major economic crisis and further amplified the global clamour for cleaner and more sustainable renewable energy.
Osinbajo stated that the future survival and the success of many players in the industry will not only depend on their achieving greater focus on cleaner energy sources but also upon their ability to deliver low-cost solutions to their stakeholders.
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Osinbajo described the passage of the legislation as a feat noting that he was not unmindful of the challenges faced by operators in the oil and gas sector.
Osinbajo says the global lockdown triggered by the COVID-19 pandemic had pushed the industry into a state of major economic crisis and further amplified the global clamour for cleaner and more sustainable renewable energy.
Osinbajo stated that the future survival and the success of many players in the industry will not only depend on their achieving greater focus on cleaner energy sources but also upon their ability to deliver low-cost solutions to their stakeholders.
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