Nigerians on Twitter are making the hashtag #NigeriansDemandPIB trend to emphasise the need for the passage of the bill.
The Petroleum Industry Bill (PIB) was first presented to the National Assembly in 2008 but has not been passed yet.
The Bill focuses on creating an efficient governing institution, with clear and separate roles for the petroleum industry; establishing a framework for the creation of a commercially oriented and profit-driven national petroleum company; promoting transparency, good governance and accountability in the administration of the petroleum resources of Nigeria; and fostering a business environment conducive for petroleum operations.
Tweeps have taken to Twitter to explain why the bill is needed and what it will do for Nigerians.
A user said, “Dear @DrAhmadLawan & @femigbaja, we are not asking for too much, if please help see to the quick passage of the PIB, as the passage will boost our economy immensely #NigeriansDemandPIB.”
“It is ironic that the oldest pending bill in our National Assembly is the most important bill.
“Petroleum Industry Bill is still not passed to law after 20 years. Wow! #NigeriansDemandPIB,” Adeyemi, another tweep said.
Joe said, “Should we continue to lose revenues and further impoverish Nigerians especially host communities? when PIB will create profit-driven oil entities, encourage investment in the nation’s petroleum industry and tremendously increase government’s revenue. #NigeriansDemandPIB.”
Some are also of the opinion that the bill would improve livelihood in the Niger Delta where crude oil is mined.
Habib said, “Worldwide, the average life expectancy rate is about 70 years, life expectancy in the Niger Delta is 41yrs. The oil spills in the Niger Delta have negative implications on local human health and has made malnutrition predominant.”
“Provision for Host Communities is part of strong sections of PIB. Nigeria joined the ranks of oil producers in 1958 when her first oil field came on stream producing 5,100 bpd. Since then, the host communities have suffered untold neglect. #NigeriansDemandPIB,” Ademola wrote.
The Bill was divided into four parts in 2016 and in 2018, the Petroleum Industry Governance Bill (PIGB), the first part of the bill was passed by the House of Assembly.
Experts have said that the bill might discourage investors from the oil and gas sector because of the expenses it will incur.