By Nneka Nwogwugwu
The House of Representatives has considered and adopted the report by the committee, leading to the passage of the Petroleum Industry Bill (PIB).
The Speaker, Femi Gbajabiamila, hailed the lawmakers for the record passage of the controversial bill, describing it as significant in the history of the parliament.
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NatureNews recalls that the Senate and the House of Representatives had on Wednesday said that they will consider the report on the Petroleum Industry Bill, 2021 on Thursday.
Senate President, Ahmed Lawan announced this during the plenary saying the Senate has invited the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari for a closed session to explain the technical, financial, and other details contained in the bill.
The senate had received the report of the Joint Committee on Petroleum (Downstream); Petroleum (Upstream), and Gas Resources on PIB on Tuesday.
The bill, first presented in the National Assembly in 2008, will regulate the oil industry and attract more investment to the sector, according to lawmakers.
