The House of Representatives on Wednesday received a report on the Petroleum Industry Bill (PIB) from it’s Adhoc Committee, giving indication that the House was ready to pass the bill before embarking on summer break.
Speaker of the House, Rep. Femi Gbajabiamila had informed the House at plenary on Tuesday that it was ready to pass the bill before it’s summer break schedule to begin by the second week of July.
Chairman of the Adhoc Committee and Chief Whip of the House, Rep. Mohammed Tahir Monguno presented the final report to the House at plenary on Wednesday.
He said; “That the House do receive the Report of the Ad–hoc Committee on Petroleum Industry Bill on a Bill for an Act to Provide Legal, Governance, Regulatory and Fiscal Framework for the Nigerian Petroleum Industry, the Development of Host Communities; and for Related Matters, 2021.”
The Speaker however announced that members were to send their aides to collect copies of the final report on the bill for further study before it is considered at a date to be announced later by the House Leadership.
The House is also expected to meet with the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC) to recieved a briefing on the PIB.
On Monday, the Northern Caucus held a retreat on the PIB.