Thread by @mrlurvy

Asides professionals and some politicians who are aware of the contentious bill by the name PIB, others do not understand what the PIB is about.

Let me break it down #NASSGiveUsPIB

PIB is a bill that, when passed as an Act, becomes the master reference law that governs the Nigerian petroleum industry – from the upstream division (exploratory, development and production activities) #NASSGiveUsPIB

through the midstream (gas processing) to downstream (servicing, refining, distribution, transportation, marketing/retailing). #NASSGiveUsPIB

What are the key implications of passing the PIB? #NASSGiveUsPIB

• More jobs for Nigerians – as it will become illegal to employ foreigners for certain skills that can be sourced locally

• Where such skills are sourced from abroad due to unavailability locally, a local understudying the expat is a requirement #NASSGiveUsPIB

• The above is applicable not only to skill, but to materials sourcing

• The above means more jobs for Nigerian local contractors, especially those from the oil producing regions #NASSGiveUsPIB

• Gas is still under-focused in Nigeria and the potential from this source of energy lays untapped. PIB seeks to maximize this. If well explored, this will boost power supply in Nigeria #NASSGiveUsPIB

• Government revenue from oil industry will increase. This means more funds in the hands of government to engage in developmental activities, ideally #NASSGiveUsPIB

• The downstream sector becomes fully deregulated. In other words, subsidy will fully go. #NASSGiveUsPIB

• Environmental protection – what Saro Wiwa and co fought for, and the initial grudge of the Niger Delta militancy – will be addressed to a large extent #NASSGiveUsPIB