House of Rep passes Petroleum Industry Bill

FILE PHOTO

Few hours to the end of their tenure, the House of Representatives passed the Petroleum Industry Bill on Thursday.
The bill was passed after three weeks of scrutiny following the consideration of the various clauses and agreement by members.

The bill seeks to establish a legal, fiscal and regulatory framework for the petroleum industry in Nigeria.
The deputy speaker of the House of Representatives, Emeka Ihedioha, described the bill as important despite the delay in its passage.

He also said that the house took its time to review the bill before passage.

However, the bill was not passed by the Senate before the end of its tenure.

In his closing speech, the president of the senate, David mark, listed the PIB as one of the bills the Senate could not pass before the end of its tenure.

Without the concurrence of the Senate, the bill will have to be reconsidered anew when the new National Assembly starts next week.

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