BREAKING: Senate Passes Petroleum Industry Bill After Several Failed Attempts, Approves 3% For Host Communities

The Nigerian Senate on Thursday handed the Petroleum Industry Bill and authorised 3 per cent for host communities

The higher chamber handed the PIB, 2021 after the clause by clause consideration of the report of its joint committee on Petroleum (Upstream, Downstream and Gas) on PIB.

BREAKING: Senate Passes Petroleum Industry Bill After Several Failed Attempts, Approves 3% For Host Communities 2

The Senate authorised three per cent for the host communities regardless of protests from the South-South lawmakers, who advocated 5 per cent, Punch reviews. 

The Senate had earlier than then, held a closed session with the Minister of State for Petroleum, Timipre Sylva and the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari.

Senate President Ahmad Lawan congratulated the lawmakers and stated the ninth National Assembly has achieved a elementary legislative agenda.

“The demons (of PIB) have been defeated in this Chamber. We have passed the bill,” he stated.

Similarly, the House of Representatives handed the PIB for third studying on Thursday. 

Chairman of the House Adhoc Committee on the PIB, Rep. Mohammed Tahir Mongunu moved for the consideration of the movement round 1 pm.

The Speaker, Femi Gbajabiamila, hailed the lawmakers for the report passage of the controversial invoice, describing it as important within the historical past of the parliament.

The PIB has been earlier than the National Assembly since 2008 as successive administrations had didn’t cross the laws as a result of its complexities and divergent pursuits.

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BREAKING: Senate Passes Petroleum Industry Bill After Several Failed Attempts, Approves 3% For Host Communities

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