Monday, June 9, 2008

Nigeria: House Wants Rapid Growth of Gas Industry, Says Bankole -

Philip Nyam

Speaker of the House of Representatives, Hon. Dimeji Bankole have said the desire of the legislative assembly is to guarantee a consistent and healthy growing of the gas industry, particularly, the natural with all its investings and institutions.

Bankole who stated this at the public hearing organized by the House Committee on Gas on a Bill to amend the Federal Republic Of Federal Republic Of Nigeria LNG Act, Cap N87 LFN 2004, Laws of the Federation of Nigeria 2004 said the House means to accomplish this through sound statute law and input signals from all stakeholders in the industry.

He said the Federal Republic Of Federal Republic Of Federal Republic Of Nigeria Liquidified Natural Gas (NLNG) undertaking stands for a very cardinal sector fulcrum on which many other undertakings and activities depend adding that Nigeria's dreaming of enhancing the potentialities of gas as a resource can only be attained if the laws establishing it are properly examined so that its activities are not hampered by outdated regulating framework.

"Regulation of the Natural Gas industry in Nigeria is a sine qua non to economical development, and is likely to stay a uninterrupted characteristic in our hunt for sound regulating scrutiny of all laws, particularly those that are not in melody with current societal kinetics and dictates".

The talker who was represented by his deputy, Hon. Usman Bayero Nafada said the public hearing stands for one of the mulct points of representative democracy, which gives the public entree to ventilate sentiment across all sunglasses and partisanship.

He stressed that the pubic hearing would guarantee that the intent for which laws were made are still relevant to ran into not only the extant, but medium and long term necessitates of all political parties concerned in the society.

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Earlier, president of the Gas committee, Hon. Igo Agumah affirmed that the commission was committed to carry the public hearing with extreme diligence adding that this is portion of the House pursuit to bequeath an abiding gas sector to the country.

According to him, since the NLNG is one of the ranking high in the nation's gas industry, it necessitates a scrupulous and thorough scrutiny including legislative input signal even as they do laws for the common good of the full country.

"We can only guarantee you that we are determined to carefully peruse through the mass of entries made including the presentations to be made, in our aim to bring forth tiem-tested recommendations to the House. We will enterprise to make no less", he assured.

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