OrderPaperToday – The Senate and House of Representatives have passed the conference committee on the long-awaited Petroleum Industry and Governance Bill (PIGB), bringing to near closure the over 16 years legislative journey of the legislation.
It would be recalled that the bill was passed in the Senate on the 25th of May 2017 and in the House of Representatives on the 17th January 2018.
The President of the Senate, Bukola Saraki, then named the conference committee that would see to harmonization of the different versions together with the House of Representatives.
The PIGB is one of the four segments of the Petroleum Industry Bill (PIB).
The three other segments of the main PIB are the Fiscal Regime Bill, the Upstream and Midstream Administration Bill and the Petroleum Revenue Bill.
On the 16th of March, the Chairman, Senate committee on Petroleum resources (upstream), Omotayo Alasoadura, said the PIGB will be transmitted to President Muhammadu Buhari for assent on or before March 30.
Alasoadura presented the conference committee report and it was there after adopted by the red chamber.