Be realistic in oil, gas industry reforms, OPS tells FG

By Ediri Ejoh

The Organised Private Sector, OPS, has called on the federal government to take a more realistic path in the ongoing efforts to restructure the country’s oil and gas industry.

In a statement by Segun Ajayi-Kadir, Director General of the Manufacturers Association of Nigeria, MAN, the group regretted failure of the 7th National Assembly to pass the Petroleum Industry Bill, PIB, even when additional efforts were made to pass the 2012 version of the Bill as well as similar failed attempts at prior parliamentary sessions.

“We have observed over the past 10 years the inability of Nigeria to drive reform in the oil and gas industry that will position our country as the preferred destination for investment in that sector of the economy.

“One of the reasons for this development is, of course, the failure of successive governments to articulate the appropriate legal…