The Chairman House Committee On Petroleum Resources Downstream Hon Abdullahi Mahmud Gaya has said that despite the country various natural resources, our total reliance on oil for IGR is our bane.
He made this known at the National Assembly Public Hearing organised by the Joint Committee on Gas Resources, Petroleum Resources, Upstream and Downstream, in Abuja.
According to him, public hearing is an important part of the joint committee’s assignment, also an opportunity for stakeholders across the oil and gas sector in the country to present information, contribute ideas that will help the joint committee to proffer and propose effective solutions.
Hon Abdullahi Mahmud Gaya added that Joint Committee were working round the clock to amend the law that will includes the natural gas sector in Nigeria’s oil contracts, saying some of the Gas laws in Nigeria has been in place since 1970 and was not been properly amended.
He speaks further that Speaker Femi Gbajabiamila has reiterated house efforts to achieve wholesale reform of the oil and gas sector in Nigeria, thus demonstrating his unweaving patriotism toward making the country economy better.
