PIB: Labour tells NASS, FG, OPTS to reconcile differences

ORGANISED Labour in the Nigeria’s Oil industry, has called on the National Assembly to arrange a meeting between the Government represented by the Nigeria National Petroleum Corporation, NNPC, and the Oil Producers Trade Section, OPTS, to reconcile the disagreements on the fiscal regimes in the protracted Petroleum Industry Bill, PIB.

Under the umbrella of the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, and its Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, counterpart, in a joint position on PIB, argued that it is labour’s belief that the PIB should allow for the optimization of returns to Nigeria from its oil and gas resources, without stifling investments and growth of the industry.

Chairman, NUPENG and PENGASSAN Joint Committee on PIB, Chika Onuegbu, in the committee position, insisted the government would have to strike a balance between taking a significantly higher stake from industry operations and ensuring the sustainable growth of the  industry.

– See more at: http://www.vanguardngr.com/2013/12/pib-labour-tells-nass-fg-opts-reconcile-differences/#sthash.7tCjQIQb.dpuf

About Author: Integrity Org

Integrity Organization is committed is an anti-corruption, research and advocacy organization. Its activities are centered on the aim to reduce the tolerance for corruption in Nigeria.

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