A Bill for an Act to repeal and re-enact the Oil and Gas Free Zone Authority Act passed second reading at the House of Representatives on Wednesday.
The bill, which was sponsored by Rep. Emmanuel Orker-Jev and four other legislators, seeks to liberalise oil and gas free zone and make the authority more responsive to its mandate.
Leading the debate, Orker-Jev said Onne/Ikpokiri in Rivers was currently the only Oil and Gas Free Zone by the provisions of the existing Act and the powers of the President.
According to Orker-Jev, the bill seeks to liberalise the zones and provide for the establishment and designation of oil free zones and sub-zones in the country.
He said, “the bill also seeks to expand the board of the authority and subject the appointment of Board chairman to Senate confirmation”.
According to him, if the bill is passed, it would make business more transparent,…
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