NASS to pass PIB into law by September

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The long-awaited petroleum Industry Bill will be passed into law in September this year, the House of Representatives has said.
A 30-member committee with five members drawn from each of the six geo-political zones of the country is expected to start work on the bill in the third week of this month.
Minority Leader of the House, Ndudi Elumelu, said the House would go ahead with the process of amending and passing the bill even without the input of the executive.

He said, however stated that they do not need the executive to tutor them, saying that they are going ahead with considering the bill.

Elumelu asserted that an ad-hoc committee has been set up with five people per zone, plus House Whip as Chairman and the Chairman on Banking and Currency, Victor Nwokolo, as his deputy.

He said, “The PIB was originally introduced to the National Assembly in December 2008.

“It has since undergone several revisions and has been the subject of controversy and debate.

“The National Assembly is expected to resume sitting in the second week of September after weeks of recess”