The Petroleum Industry Bill 2021 has finally been passed by the House of Representatives.
House of Representatives
Petroleum Industry Bill 2021 has been passed by the House of Representatives.
The bill was passed on Thursday after the Chairman of the House Adhoc Committee on the PIB, Rep. Mohammed Tahir Mongunu moved for the consideration of the motion at about 1.00pm on Thursday.
The report was laid before the House at plenary on Wednesday before its passing on Thursday.
Mongunu said; “That the House do consider the Report of the Ahoc Committee on Petroleum Industry Bill on an Act to Provide Legal, Governance, Regulatory and Fiscal Framework for the Nigerlan Petroleum Industry, the Development of Host Communities; and for Related Matters, 2021 (HB. 1061) and approve the Recommendations therein.”