According to the former Chief Justice of Nigeria, Justice Alfa Belgore, in a statement in Abuja on Wednesday, the smooth passage of the Petroleum Industry Bill is being postponed due to intrusions by multinational oil companies.

Belgore who is presently the Chairman, Governing Council of the International Institute for Petroleum, Energy Law and Policy, also added that he was able to ascertain this fact while he was still in office as chief justice.

He states, “I think it is interference by the multinationals that are in this business. I must point out that they have not come here to lose but to make profit. We should encourage them to make profit, but not to the disadvantage of the country. The country itself must make profit from its resources, including oil and gas.”

“There is nothing better than stability in government. Since independent, we have been changing governments from time to time, and this has not been favourable. If there is stability, Nigeria would have been a different country and most people would have been employed, whether as self-employed or working for one organisation of the other.”

“If the country were to be stable, we can go into other things that we can be able to process and export, and we have to use our resources properly. The idea of distributing our oil and pumping money into private pockets is not to the benefit of the people. I believe something can be done.”

“If I were to be leader of a state, I will not always want to share the oil money; let me get my people to work. Nigeria is rich and we have abundant resources.”

“I think it is interference by the multinationals that are in this business. I must point out that they have not come here to lose but to make profit. We should encourage them to make profit, but not to the disadvantage of the country. The country itself must make profit from its resources, including oil and gas,” he said.