The Minister of State for Petroleum Resources, Mr Timipre Sylva has assured that no job will be lost in the nation’s petroleum sector following the signing of the Petroleum Industry Bill into law.
President Muhammadu Buhari had on Monday signed the bill, thus providing a legal, governance, regulatory and fiscal framework for the Nigerian petroleum industry, the development of host communities, and related matters. Although there were fears in some quarters over the fate of workers in the petroleum sector, the minister says the move will instead create more jobs.
“We have already made provisions in the law to ensure that no job is lost in the oil industry as a result of the PIA,” the Minister said during an interview on Channels Television’s Politics Today on Wednesday.
“So, no job will be lost as a result of the Petroleum Industry Act. All jobs in the petroleum industry will be intact. “That was already taken into account, we discussed with labour extensively in the process of drafting the bill.”
CHANNELS
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