The House of Representatives is set to initiate a comprehensive two-day workshop on Tuesday, April 30, focusing on pivotal economic statutes, policies, and federal initiatives.
Titled “Economic Transformation & Development: Towards Effective Implementation of the Petroleum Industry Reform Act (2021) and Tax Reforms/Modernisation,” the workshop will delve into the sub-theme ‘Navigating Change: Legislative Strategies for Economic Transformation.’
In an announcement made by the media and publicity advisor to the speaker, Musa Abdullahi Krishi, it was revealed that President Bola Tinubu is slated to inaugurate the workshop, with the Federal Capital Territory’s minister, Nyesom Wike, hosting the event.
The Speaker of the House of Representatives, Tajudeen Abbas, will serve as the principal host. Notable figures such as the Senate president, Godswill Akpabio; the Senate’s deputy president, Sen. Barau Jibrin; and the House’s Deputy Speaker, Benjamin Kalu, are also scheduled to address the attendees.
The workshop aims to address critical topics, including:
“Understand the Petroleum Industry Act: Delve into the contents, purposes, and expected outcomes of the PIA, emphasising its significance in transforming the oil and gas sector.
“Legislative Oversight and Implementation: Explore the legislative role in overseeing the implementation of the Act, ensuring its provisions are actualised effectively and align with national interests.
“Stakeholder Engagement and Collaboration: Identify opportunities for collaboration between the parliament, the executive, industry stakeholders, and communities to foster a conducive environment for the Act’s successful implementation.
“Policy and Regulatory Framework: Discuss the development of subsidiary legislation and regulatory frameworks essential for operationalising the Act, including addressing gaps or challenges.
“Drive Tax Reforms: Specifically focus on the parliament’s role in conceptualising, initiating, and implementing tax reforms that are equitable, efficient, and conducive to economic growth.
“Foster Collaboration: Create a platform for dialogue among members, experts, and stakeholders, fostering collaborative efforts towards economic and fiscal reforms.
“Promote Accountability: Emphasise the importance of transparency, accountability, and effective oversight in public financial management and tax administration.”
