The house of representatives has received the report on the
Petroleum Industry Bill (PIB).
Mohammed Monguno, chairman ad hoc committee on PIB, laid the
report during plenary session on Wednesday.
“That the house do receive the report of the ad–hoc
committee on Petroleum Industry Bill on a bill for an act to provide legal,
governance, regulatory and fiscal framework for the Nigerian Petroleum
industry, the development of host communities; and for related matters, 2021
(HB. 1061),” he said.
After the report was laid, Femi Gbajabiamila, speaker of the
house, asked his colleagues to get a copy of the report ahead of its
consideration.
The senate had received its own version of the report on
Tuesday to be considered on Thursday.
The PIB has been in the works since 2008 under the
administration of former President Olusegun Obasanjo.
Successive sessions of the national assembly have failed to
pass the legislation owing to the complexities of the oil industry and
divergent interests.
But the current assembly said it is committed to passing the
bill.
On Tuesday, Gbajabiamila said the PIB, electoral act
amendment bill and supplementary budget will be passed within two weeks —
before embarking on its annual recess.
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