CISLAC expresses worry over FG’s neglect of economy

The Civil Society Legislative Advocacy Centre (CISLAC) has expressed disappointment that this government has spent its tenure without properly addressing this key important sector of the economy where corruption, inefficiency, community conflict and sabotage have been institutionalized.
In a press statement signed by its Executive Director, Auwal Ibrahim Musa said CISLAC considers this refusal to assent as a big failure on the part of this government and a lost opportunity to reform the sector and transform to meet up with global stand .
He said the refusal of the President, MuhammaduBuhari to assent to the Petroleum Industry and Governance Bill (PIGB) sent to him by the National Assembly and urges him to re-think his decision in the national interest.
According to them, they consider it unfortunate that the President refused to assent to this Bill in spite of his promising to reform the oil and gas sector in Nigeria during the election campaigns.
Musa, said they finds it worrisome that in spite of the established losses the nation incurs due to the absence of this law, which among other sources.
He said NEITI put at $200 billion yearly and another $15 billion yearly in fresh investments, the President did not consider it a matter of national importance to assent to the Bill.
“We find it frustrating and disappointing that this government has spent its tenure without properly addressing this key important sector of our economy where corruption, inefficiency, community conflict and sabotage have been institutionalized.
“CISLAC considers this refusal to assent as a big failure on the part of this government and a lost opportunity to reform the sector and transform to meet up with global standards,” he said

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