Petroleum Industry Bill will soon be passed says Elumelu

0

The Minority Leader of the House of Representatives, Ndudi Elumelu says the lower chamber of the National Assembly will go ahead and pass the long-awaited Petroleum Industry Bill into law by September.

Elumelu said at the weekend that already a thirty-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 by the third week in August.

The Petroleum Industry Bill was originally introduced to both chambers of the National Assembly, in December 2008. The piece of legislation, has since, undergone several revisions and has been the subject of controversy and debate.

On 18 July 2012 President Goodluck Jonathan presented a new version of the Bill to the seventh National Assembly for reconsideration and re-enactment. The Parliament did, but the Petroleum Industry Bill was not signed into law, until that regime lapsed in 2015.

See also  Ikpeazu To Rename Abiapoly, Abia State University Of Science And Technology Aba

But, Elumelu who decried the lond delay in the passage of the bill said the lawmakers would go ahead with the process of amending and passing the petroleum Industry Bill bill, even without the input of Executive.

“We don’t need the Executive to tutor us. We are going ahead with considering the Bill. 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 (Rep. Victor Nwokolo), as his Deputy”, he disclosed.

Also, the Deputy Chairman of the Committee, Rep. Nwokolo said his team Committee will start work on the Bill third week of this month.

“We are commencing work on the third week of August on the Bill”, he disclosed.

See also  80,000 Nigerians held as sex slaves, subjected to forced labour abroad... Rep

Another lawmaker, Nicholas Ossai has asked the president to cooperate with the National Assembly on the piece of legislation, so as to enable more investments in the oil and gas industry.

“I expect the President to lay that Bill before the National Assembly in September so that we can deal with the issue, so that a lot of investors can come into the oil and gas industry and create jobs”, Ossai advised.

 

Untitled Document

You can always reach us through these channels

Facebook: https:/www.facebook.com/ancityreport

Instagram: https://www.instagram.com/ancityreport

Youtube Channel: Anambra City TV

 

Phone Numbers: 07062501185, 09038738731, 07019919330, 09086292043

E-Mail: info@ancity.com.ng, anambracity@gmail.com

Copyright.

This Post: Petroleum Industry Bill will soon be passed says Elumelu was approved and published by Anambra City Report Editor and may not be republished elsewhere without prior written permission from the Editor.

See also  Gbajabiamila assures passage of PIB, electoral act, supplementary budget in 2 weeks

Get real time updates directly on you device, subscribe now.

Comments
Loading...

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More