Monday, February 16, 2026
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Tag: PIA

Atiku Urges FG Not to Rush PIA Amendment 

Atiku said: “The Petroleum Industry Act was enacted to bring clarity, accountability, and investor confidence to a sector long plagued by opacity. Any attempt to amend its core provisions must be approached with caution and broad stakeholder engagement.” 

Amending the PIA is Not in the Best Interest of the Nigerian Oil Industry 

The shift of power to MOFI, a government-controlled entity, increases the risk of political influence over NNPCL’s operations. Modern oil companies thrive when operational and strategic decisions are insulated from shifting political priorities. Excessive state intervention can lead to short-termism, policy reversals, or decisions influenced by political expediency rather than sound commercial reasoning.