The Chairman of the House of Representatives Committee on Petroleum Resources (Upstream), Hon Alhassan Ado-Doguwa, has stressed the need for continuous scrutiny and refinement of the Petroleum Industry Act (PIA).
He said doing so will ensure it is attuned to the evolving dynamics of the global energy landscape and the specificities of the Nigerian context.
Addressing his colleagues at the inaugural meeting, he said 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.
“The troleum 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.
“As we embark on this journey, I am buoyed by the knowledge of your expertise, your passion for service, and your dedication to our nation’s welfare. The challenges before us are indeed formidable, but they are not insurmountable. With a shared vision and a synergy of efforts, we can and will institute transformative changes that will resonate through the industry and across the fabric of our society.
“Let us march forward with determination and a relentless pursuit of excellence. Together, we are poised to redefine the narrative of our petroleum sector and chart a course towards a future replete with prosperity, stability, and opportunity for all Nigerians,” he said.
Speaking further, he said, “I am particularly grateful for the spirit of partnership that has been cultivated between myself and our esteemed Deputy Chairman, Hon. Oluwaseun Sesi Whingan. Our extensive dialogues have not only deepened our insights into the oil and gas sector’s current state but have also helped us chart a strategic course through its complex waters, addressing key issues such as security, production efficiency, exploration frontiers, and sustainable industry growth”.
