Francis Johnson, the president of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has advised Prsident Muhammadu Buhari to stop the political intervention in the operations and activities of the state-owned Nigerian National Petroleum Corporation (NNPC).
Johnson has said that only this step would make the NNPC well-organized and allow it to compete favourably among its peers in the world, such as the Saudi Aramco of Saudi Arabia, Petronas of Malaysia and Petrobras of Brazil.
He said that this should form part of the continuing reorganisation in the oil and gas industry, and claimed that intervention by political leaders was a main stumbling block to effective and efficient performance of the oil corporation.
Johnson said: “Some of the challenges confronting the industry would have been resolved if the PIB was passed as the provisions of the bill cover some of the issues raised by the protagonists of the reforms. Now, nobody is mentioning the bill again.
“The uncertainty of the bill is not comfortable to investors and stakeholders in the industry. The government should let us know what they intend to do about the bill and the process it will use to fast-track its passage into law.
“We are very optimistic that the 8th National Assembly will ensure transparency by making public the content of the bill and give topmost priority to its passage in view of its importance to the overall stability and growth of the oil and gas industry from which the government’s revenue for the sustenance of the economy is derived.”
President Buhari plans to divide the national oil company into two successor entities under his government.
No comments:
Post a Comment