Senate gets petroleum governance bill for passage April 25

The Senate Joint Committee on Petroleum (Upstream, Downstream and Gas) will present the final report of the Petroleum Industry governance bill for senate consideration and approval on April 25.

“Barring any last minute changes, the Senate Joint Committee on Petroleum (Upstream, Downstream and Gas), will on 25th April lay the final report of the Petroleum Industry Governance Bill before Senate for consideration and approval,” a spokesman for Senate President Bukola Saraki said in a statement.

To achieve this objective, the statement said a one-day retreat is planned for April 4, in Abuja with the objective of receiving ‘further input, deliberate on their findings and recommendations, and conclude their report for submission to the senate.’

The PIGB bill seeks to establish a framework for the creation of commercially-oriented and profit-driven petroleum entities. This will help to establish the internationalisation of the petroleum industry,

It also seeks to promote transparency in the administration of the petroleum resources of Nigeria and create a conducive business environment for petroleum industry operators.

“We will break the PIB jinx soon. All stakeholders from communities, agencies, CSO’s have all made inputs to address their concerns,” reads a Twitter message from Bukola Saraki, Senate president.