JUST IN: Senate passes three petroleum bills for second reading

Nigerian Senate
Nigerian Senate

Three bills to legislate for reforms, covering host communities, investment and administrative issues in Nigeria’s petroleum industry have scaled second reading in the Senate.

The three pieces of proposed legislation are: a bill for an Act to provide for framework relating to petroleum producing Host community’s participation, 2017 (SB. 404) by Kabiru Marafa, APC-Zamfara; a bill for an Act to establish a fiscal framework that encourages investments in the petroleum industry, 2017(SB.472) by Tayo Alasoadura, APC-Ondo; and a bill for an Act to provide for the administrative framework for the Petroleum Industry, 2017 (SB. 540) by Bassey Akpan, PDP -Akwa Ibom.

The three bills were, on Thursday, referred to the joint committee on petroleum (downstream), petroleum (upstream) and gas, which are to report back to the Senate in four weeks.

They are parts of the Petroleum Industry Bill, now split into several bills.

The Senate had earlier passed the first part, Petroleum Industry Governance Bill.

Details later…


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD:DIABETES Is CURABLE! Don't Let It Threaten You! To NORMALIZE Your Blood Sugar In 21Days For Life, Click Here!!!.

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.