In this piece, Oluwole Josiah X-rays the just-concluded Senate debate on the Petroleum Industry Bill and the need for it to become law.
The Petroleum Industry Bill is not new to the National Assembly. It first made its debut during the Sixth National Assembly. It was then greeted with mixed feelings while allegations were rife that International Oil Companies dictated the tempo of discussions. The conflict was basically between those in government and the IOCs. The legislature was caught in the middle as each of the contenders sought to sway public opinion in their favour. The political process did not bring the country to its knees. The north-south divide was latent, although the socio-political cum economic interests of all the geo-political zones were at stake. Read more