The Petroleum Industry Bill has been passed by the Senate
and House of Representatives.
At the House of
Representatives, the bill was passed after clauses of the bill were considered
based on the recommendation of the Committee on PIB.
Chairman of the
House Adhoc Committee on the PIB, Rep. Mohammed Tahir Mongunu moved for the
consideration of the motion at about 1.00pm on Thursday July 1. He presented a
report, saying the bill would make the oil and gas industry more transparent
and competitive.
Mongunu said;
“That the House do consider the Report of the
Ahoc Committee on Petroleum Industry Bill on an Act to Provide Legal,
Governance, Regulatory and Fiscal Framework for the Nigerlan Petroleum
Industry, the Development of Host Communities; and for Related Matters, 2021
(HB. 1061) and approve the Recommendations therein.”
Lawmakers in the
lower chamber of the national assembly then voted on 319 clauses of the bill.
After the bill was passed, Speaker of the House of Representatives Femi
Gbajabiamila commended the lawmakers for “making Nigeria proud”.
At the senate, the
bill was passed after a clause by clause consideration of the report of its
joint committee on Petroleum (Upstream, Downstream and Gas) on PIB.
Senate President
Ahmad Lawan congratulated the lawmakers and said the Ninth National Assembly
has achieved one of its fundamental legislative agenda.
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