The South East APC Young Progressives Forum has commended President Muhammadu Buhari over the signing of Petroleum Industry Bill into Law.
The group led by Comrade Paschal Candle described the action as a watershed in the history of Petroleum Industry in the Country.
It however expressed surprise over the Statement credited to the Peoples Democratic Party (PDP) and Pan Niger Delta Forum (PANDEF) over the Bill, querying the duo for playing ethnic sentiment over the Bill.
It said, “For 16 years, PDP was in power, it could not make any meaningful progress with the Bill while it controlled the two Chambers of National Assembly.
“For 16 years, they were playing with the intelligence of investors and host communities. It was one excuse or the other. In all these years, all the Presidents of the country under their platforms were from Southern Part of Nigeria except Late President Yar’adua who had only 2 years and some months.
“Over to PANDEF, it is very unfortunate that this body of Niger Delta Elders has refused to speak the truth for their people. It is very clear that they are group of confusionists in the country. They have no moral standing to question or oppose President Buhari over the signing of the Bill into law.
“Where are these set of people when President Goodluck Jonathan, their son was in power and his party, PDP in control of both the Senate and House of Representatives for 6 years. What did He do with the Bill?”
While urging Nigerians to disregard the two bodies who it said were playing ethnic card over the Act, the group argued that the Petroleum Industry act would open lots of window opportunities for the youths in Oil Producing Communities, encourage Investor’s confidence in the sector.
It described the assent by President Buhari as “a major victory that has the potential of bailing Nigeria out of its economic predicament and an act that will enable the country make the most of economic gains of the oil industry for the benefit of Nigerians.”
“Indeed, the new law will enhance the Nigerian petroleum industry’s reputation, open the door to new investment and ultimately strengthen its position to meet the world’s growing demand for energy.
“There is no doubt that the new law will help harness Nigeria’s potential to achieve its programme of raising oil production to four million barrel per day and oil reserves to 40 billion barrels, while also drawing on the country’s vast natural gas reserves to provide clean and efficient energy.
“This is a way to go and we thank Mr President for providing that leadership that is needed at this point in time. You have shown to be a father figure to all regions.
“We urge Nigerians to ask the PANDEF and PDP to ask their Governors in South South Region, what they have done with 13% derivation fund coming to them for the past 16 years and NDDC funds meant for the region. That should be the major concern of the PANDEF and PDP,” the group maintained.