The Chairman of the House of Representatives Committee on Petroleum Resources (Upstream), Hon Alhassan Ado-Doguwa, has stressed the need for continuous review of the Petroleum Industry Act (PIA).
He said this to ensure it is attuned to the evolving dynamics of the global energy landscape and the specificities of the Nigerian context.
Speaking at the inaugural meeting of the committee on Tuesday, Doguwa said the committee is charged with a mandate of utmost significance which is to meticulously review and amend the Act, ensuring _it is robust, forward-looking, and reflective of best practices.”
He said the true measure of legislation is not in its passage but in its execution and adaptability.
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“The enactment of the Petroleum Industry Act by the 9th Assembly was a watershed moment, signaling a new dawn of reform intended to revitalize an industry that is the lifeblood of our economy,” the lawmaker said.
He called for the collaboration of all stakeholders within the industry to drive the development of the sector.
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