Reps tell NNPC to show five years of the Petroleum Industry Act in higher output and investment

The House of Representatives has asked NNPC Ltd to show the impact of the Petroleum Industry Act five years after it became law, through higher crude production, more investment and benefits Nigerians can feel.

Speaker Tajudeen Abbas, represented by House Majority Leader Julius Ihonvbere, spoke on Monday in Abuja at a retreat on PIA implementation, corporate governance and legislative oversight, organised by NNPC with the Speaker's office.

"The success of the PIA must be measured beyond institutional restructuring and corporate performance indicators," he said. "It must be reflected in increased production, greater investment, improved energy security, stronger domestic refining, enhanced revenue generation, employment opportunities and tangible benefits for Nigerians."

Abbas said passing the law was only the start of reform and that results depend on proper implementation, transparency and accountability. He said the National Assembly will keep up its oversight to make sure NNPC meets its statutory duties and manages petroleum resources in the public interest.

The fifth anniversary, he said, was a chance to assess how far the Act's promises have become measurable improvements in the industry.