Sign in Subscribe
Political parties

PDP Advises President Buhari to Amend Petroleum Industry Act

Strategic Insights

— 1 min read

The Peoples Democratic Party (PDP) has expressed disappointment with President Muhammadu Buhari's signing of the Petroleum Industry Bill (PIB) into law, despite widespread public rejection. The party, through its National Publicity Secretary, Mr. Kola Ologbondiyan, called on the president to immediately forward an amendment bill to the National Assembly to reflect the true wishes and aspirations of every segment of Nigerian society. Ologbondiyan expressed concern that the new law may not guarantee stability and development in the oil and gas sector, particularly in the Niger Delta region. He urged lawmakers elected on the PDP platform to be at alert and prepare for an urgent amendment to the law.

Key Takeaways:

  • The Peoples Democratic Party (PDP) has advised President Muhammadu Buhari to forward an amendment bill to the National Assembly to reflect the true wishes and aspirations of every segment of Nigerian society.
  • The party expressed surprise that President Buhari ignored the outcry by disenchanted Nigerians and signed the Petroleum Industry Bill (PIB) into law as passed by the National Assembly.
  • Ologbondiyan noted that the signing of the law amounts to 'endorsement of imposition, lack of respect for the people, and the tenets of democracy as a system of government'.
  • The PDP fears that the new law cannot guarantee the desired stability and development in the oil and gas sector as well as respite in the Niger Delta region.
  • The party called on President Buhari to salvage the situation by immediately forwarding an amendment bill to the National Assembly.
  • Ologbondiyan urged lawmakers elected on the PDP platform to be at alert and prepare for an urgent amendment to the law.
  • The PDP also called for calm across the country, particularly in the South-South geo-political zone.

Statistics:

  • The Petroleum Industry Bill (PIB) was signed into law despite widespread public rejection, according to the PDP.
  • The party fears that the new law may not guarantee stability and development in the oil and gas sector.
  • The Niger Delta region is expected to be negatively impacted by the new law, according to the PDP.

Sources:

  • The Peoples Democratic Party (PDP)
  • Mr. Kola Ologbondiyan, National Publicity Secretary, PDP (statement on Monday in Abuja)

Read more