 President Mohammad Ibohari has written to the House of Representatives seeking approval for the supplementary budget of 895 billion era. The money will go to the funding the purchase of COVID-19 drugs and weapons for the armed forces. Speaker of the House Femi Bajabiamila read this at plenary according to the letter. Nigeria intends to vaccinate 70% of eligible persons before the end of 2022. We have a work cut out for us. There's so much to do so it's going to be a heavy load including the supplementary budget. Two weeks is a very short time but we must do this work and we must do it thoroughly. I'm now joined by Petroleum Engineer with more than 30 years of experience talking about Mr. Alex Nang. Mr. Nang welcome. Thank you. All right. It's good to have you. What is your assessment of the Petroleum Industry Bill in its current state? Okay you start. Okay that's me. Hello. Yes. Okay you thank you. Thank you Alex. Sorry Mr. Alex Nang. Yeah. Thanks for joining us again to talk about this bill the Petroleum Industry Bill. I'm asking what your assessment is of this bill in its current state today? Well it's long overdue because when the plan was there we worked with them from the Petroleum Industry Bill from the Petroleum Industry Bill because the industry was like here is a state-based regulation. It does not create room for table or pressure. So you have to make the groundwork properly and there we are inside the investment. We know where they are going. So not when you wake up you put something today to borrow government money or something else. So it's all a deal but the whole contract is to make the industrial market for people to know what it is doing and also for the people where the oil is going to be involved in the acquisition and take clear benefits like you find in other oil producing areas of the world. That's the whole point. What we have been doing now we are hoping that if you reflect that original concept this man and all of us have. Okay so do you see it's in the light of the day? It's not. It has to fit the light of the day if we are going to be competitive in the industrial market. There's no way in the world oil is going to produce and the regulation is the yoyo. No it can't happen like that. It doesn't create room for stability. If you own a company like Eurasia, Chevron, but what is that? How do you make a projection when the laws guide in the place of the yoyo? Today you wake up to do this tomorrow. Another thing let us have a quick direction. Everybody open to everybody. Then those who want to invent know what they are going into. Not when you wake up today. Don't think that they are going to do this tomorrow. The government has made it. We don't mean things are not done like that. We cannot afford to do yoyo. This is 2021. We have been doing this yoyo for years. So we've got to get out of this one from all the other. Are you sure we can get out of it considering what we now call referred to as an Nigerian factor? I mean there are many things that have been in place in this regard and many government agencies that have been in place over the years whose duties it's been to make sure that the situation did not deteriorate to what it is today. We're still where we are. Do you see any change in the future, even with this bill coming through? Well those who are running this country, if they have any common sense, they should know that this is the most. Because there are too many obstacles in our way in the country right now. And this very one is something that is within the reach of the government to solve. If they don't solve it, then they have themselves to clean. Because you are talking about foreign investors. Who is going to come here and invest? If the rules of the game is nowhere to find. And that's why you end up with all this corruption analysis. Today you tell this company you did this. Tomorrow you tell this company you did that. So there's no trade rules. It's a yo-yo. So they have to just make sure we have a document that gives full direction as to how this industry works. Not to wake up today. Government is going to see tomorrow. Government is going to see. If you are a businessman, how do you have this program yourself? It's from some time. And that's why you have already inherited corruption and everything. Because they are usually the yo-yo approach to run the government and everything. So you have to end up with a trade deal and all you want. Let's play the TID and let everybody sign it. As time goes on, they are made it. But we need a law, a trade deal law, some trade deal law, to run this industry. And for the investors, those of them who are continuing to speak to laws, is just a gamble. Well, thank you, Mr. Alex Zain. It's been very interesting having your thoughts on this very interesting issue. Thank you so much for your time. Thank you.