National Assembly Pledges To Pass Petroleum Industry Bill Before Expiration Of Tenure

The National Assembly, on Monday, pledged that it would soon pass the Petroleum Industry Bill into law, dispelling fears that the 7th National Assembly would not pass the bill before the end of its tenure on June 5, 2015.

The Senate and the House of Representatives claimed that the bill would be passed before the expiration of their tenure on June 5, despite having just around 151 days left to the end of the current legislative tenure and amidst fears that the bill may be left un-passed as was the case in the 6th Natoinal Assembly.

As of Monday, there was no report on the PIB for consideration in the two chambers, with the PIB stalled at the committee stage in both chambers of the National Assembly.

While the House had public hearings on it in the six geo-political zones of the country, the Senate has yet to do so, though it conducted a hearing in Abuja.

Both chambers are still on break for the Christmas and New Year festivities, and are expected to resume on January 13.

But the Senate gave an assurance that the bill would be passed in the single format that it came from the Executive.

BizWatchNigeria

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