Reps pass Petroleum Industry Bill

The Petroleum Industry Bill (PIB) has passed the third reading at the House of Representatives.

So, the bill passed the third reading on Thursday after Mohammed Monguno, chairman of the ad hoc committee

on Petroleum Industry Bill (PIB), presented a report and the lawmakers voted on 319 clauses of the bill.

Before the clauses of the bill were considered, Monguno said the ninth House of Representatives would

have succeeded in enacting important legislation by passing the bill.

He also said the bill seeks to bring governance issues in the oil and gas sector in tandem with the international best practices.

Monguno said the bill would make the oil and gas industry more transparent and competitive.

However, After the lawmakers approved the bill clauses, the speaker, Femi Gbajabiamila commended his colleagues for their commitment in passing the bill.

At a point, the deputy speaker jumped from clause 189 to 200.

The PIB was first introduced into the National Assembly in 2008 as an executive bill by then president, Umar Yar’Adua.

The Sixth National Assembly (2007 – 2011) failed to pass the bill.

The bill was reintroduced into the National Assembly in 2012 by President Goodluck Jonathan.

He also said the lower legislative chamber has made Nigeria proud.

PIB passage happened 24 hours after the House of Representatives received the report on the bill.

Gbajabiamila had assured Nigerians on the passage of PIB within the next two weeks.

By Taiyelolu A

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