Ahead of the much-expected passage and implementation of the Petroleum Industry Governance Bill (PIGB) popularly known as Petroleum Industry Bill (PIB) by the National Assembly, the Senate’s Joint Committees on Petroleum Upstream and Downstream as well as Gas on Wednesday endorsed new guidelines for the sack of oil workers.
The committee in line with the recommendations of its Technical Consultant, Mr Osten Olorunsola, on the fate of oil workers currently engaged by the federal government, agreed with the consultant on a-five-year additional service for the workers after the deregulation of the sector before the disengagement of any of them from the workforce.
In a power-point presentation to the lawmakers, Olorunsola recommended conditions to guide the implementation of the planned oil sector reform, among others. He said “No present staff should be disengaged until after five years of implementation”, to which they all concurred.
However, for proper digestion, consideration and approval of the Technical Consultant report on the impending deregulation of the oil sector, the committee has planned a retreat with the consultant in Uyo, capital of Akwa-Ibom State next week.