National Assembly To Commence Work On PIB

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After several years of its existence, the Petroleum Industry Bill (PIB) may finally be passed by the current National Assembly.

The President of the Senate, Dr. Bukola Saraki, gave the indication on Monday during the opening session of the National Assembly Business Environment Roundtable in Abuja.

Senator Saraki said that the National Assembly was determined to pass necessary legislation that would give private investors the confidence to invest in the Nigerian economy.

“The message here across to the private sector is that the National Assembly, the House of Representatives and the Senate are working very closely together in this 8th National Assembly and as such, you have our commitment that some of these processes will not be bugged down and not be passed because one chamber is doing something differently,” Saraki said.

“As part of this commitment, you will all see next week (when we lay down the Petroleum Industry governance bill) that the bill that we are going to lay in the House is the same bill we are going to lay in the Senate,” Senator Saraki assured the investors.