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| Buhari & Atiku. |
It
is rather unfortunate that President Muhammadu Buhari has rejected the
Petroleum Industry Governance Bill (PIGB) that the National Assembly in
conjunction with the oil majors and host communities put in so much work to
come up with. I am of the opinion that this is a monumental mistake.
The
reason given by the President for rejecting the bill also betrays the fact that
the current administration is out of tandem with global best practices. Saying
that the Bill will “whittle down” the President’s powers is most
unfortunate.
A
leader must be secure in himself before he can secure his or her people. A
President is not powerful because he holds the Presidency. Neither is he only
powerful because laws confer powers on him. In truth, a secure leader brings
power and influence to the office he occupies instead of taking power from that
office. He also gives laws the force of power by obeying and implementing
them.
The
Petroleum Industry Governance Bill (PIGB) will be a great catalyst for
Nigeria’s oil and gas sector and has the capacity of stabilising our host
communities, boosting our reserves and creating the enabling environment that
attracts the type of investment that will make Nigeria a world leader in the
petroleum industry.
In
recent months, Nigeria became the world headquarters for extreme poverty,
having overtaken India as the nation with the most people living under $2 a day
(81 million people). If we are to change the situation and bring our people out
of poverty, we must support legislation such as the Petroleum Industry
Governance Bill.
As
the late great President Ronald Reagan once said, the greatest leader “gets the
people to do the greatest things”. The Petroleum Industry Governance Bill will
help Nigeria to do great things and I urge President Buhari to put aside his
insecurities over the loss of his power and let the Petroleum Industry
Governance Bill be.
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