{"id":72484,"date":"2021-08-18T07:15:58","date_gmt":"2021-08-18T06:15:58","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=72484"},"modified":"2021-08-18T07:15:58","modified_gmt":"2021-08-18T06:15:58","slug":"apc-reacts-to-pdps-criticism-of-petroleum-industry-act","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/08\/18\/apc-reacts-to-pdps-criticism-of-petroleum-industry-act\/","title":{"rendered":"APC reacts to PDP&#8217;s criticism of Petroleum Industry Act"},"content":{"rendered":"<p>The ruling party, All Progressives Congress (APC) has blasted the Peoples Democratic Party (PDP), describing the comments made by the opposition party against the Petroleum Industry Act is &#8220;irresponsible&#8221;.<\/p>\n<p>This was stated by the ruling party after the main opposition party, PDP criticised President Muhammadu Buhari for signing the Petroleum Industry Bill into law.<\/p>\n<p>According to the PDP, the law\u00a0would not guarantee\u00a0stability in the oil sector and the Niger Delta region.<\/p>\n<p>The national secretary of the APC caretaker committee, John Akpanudoedehe via a statement released on Tuesday said the assent to the bill by Buhari has shown that the president is willing to do the right thing.<\/p>\n<p>\u201cThe new Petroleum Industry Act may not be a perfect document. No law anywhere in the world is a finished product,\u201d Akpanudoedehe said.<\/p>\n<p>\u201cThe Nigerian economy is the ultimate beneficiary as the new Petroleum Industry Act will overhaul the oil and gas industry by providing legal, <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/08\/02\/pantami-launches-training-on-e-governance-digital-transformation-in-kano\/\">governance<\/a>, regulatory and fiscal framework for the Nigerian petroleum industry, the development of host communities as well as offer new fiscal incentives to investors.<\/p>\n<p>\u201cBefore now, Nigeria\u2019s oil and gas industry lost as much as $15 billion in investments annually due to the delayed passage of the PIB. But that is about to change with the Petroleum Industry Act.<\/p>\n<p>\u201cThe Peoples Democratic Party (PDP) irresponsible attacks of the Petroleum Industry Act shows that the failed <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/05\/01\/reps-majority-leader-pdp-is-a-sinking-opposition-party\/\">opposition<\/a> party is ready to play politics with the weather.<\/p>\n<p>\u201cWe ask what was the fate of the PIB during the wasted 16 years the PDP was in government. We will let the discerning public be the judge. Meanwhile, the APC will not get tired of righting the PDP\u2019s wrongs.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ruling party, All Progressives Congress (APC) has blasted the Peoples Democratic Party (PDP), describing the comments made by the opposition party against the Petroleum Industry Act is &#8220;irresponsible&#8221;. This was stated by the ruling party after the main opposition party, PDP criticised President Muhammadu Buhari for signing the Petroleum Industry Bill into law. According [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":45712,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[15,5823,922,12195,208],"class_list":["post-72484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-all-progressives-congress","tag-niger-delta-region","tag-peoples-democratic-party","tag-petroleum-industry-bill","tag-president-muhammadu-buhari"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>APC reacts to PDP&#039;s criticism of Petroleum Industry Act<\/title>\n<meta name=\"description\" content=\"The ruling party, All Progressives 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