Flowstation Host Communities of Nigeria  (FLOWHOSCON) on Thursday hailed  the National Assembly (NASS) for the passage of Petroleum Industry Bill (PIB) into Law.

The Senate, Thursday, broke the 10 years jinx by passing into law the age long Petroleum Industry Governance Bill.

The PIB is a bill to establish the legal and regulatory authorities for the Nigerian Petroleum Industry.

In Warri, Delta State, reacting to the  Passage of the PIB by the Senate  on behalf of Flow Stations /Well Head Host Communities of Nigeria,   Comrade Sheriff  Mulade described it as a welcome development.

“We wish to commend  the National Assembly (NASS) for the  Passage of the PIB into Law. This is a welcome development and it’s passage now  will  give sense of belonging to all stakeholders in the Industry. The industry definitely needs PIB to give it a framework for stakeholders  who play in oil and gas industry”, the FLOWHOSCON President said.

Comrade Mulade noted that it  was quite unfortunate that the Passage of the  bill was delayed  for more than 10 years,  due  to what he described as dirty  politics and vested interest,  and lauded  the NASS for finally  passing the bill into Law.

Comrade Mulade, himself, the chairman of oil rich Kokodiagbene Community Gbaramatu Kingdom Warri South West Local Government Area of Delta State, said that;” The bill has been in the works for over a decade and has been redrafted several times but was never passed by the previous Assemblies. But we thank the  current NASS for making history by the Passage of the Bill into Law”

“For too long, people  played politics with the Bill and it was even  broken into different segment.  We are so excited today that it has been passed finally into Law and President Muhammadu Buhari should not waste time in assenting to it because this  bill is the hope of investment in the oil and gas sector, it will give sense of belonging to all Stakeholders and  we therefore commend  our legislators for  passing the Bill into Law”, he added.