BREAKING: House Of Reps Steps Down PIB

BREAKING: House Of Reps Steps Down PIB
House of reps

The House of Representatives has stepped down the Petroleum Industry Bill (PIB) after an hour-long closed-door session.

According to reports, further deliberation is expected to hold over the decision while the House is on recess.

Earlier in the day, lawmakers from the South-South had opposed the harmonised PIB allocation to host communities which were pegged at three per cent.

Also Read: BREAKING: Senate Passes Petroleum Industry Bill, Approves 3% For Host Communities

The lawmakers were heard chanting “five per cent” as against the three per cent at the floor of the House.

This controversy resulted in the house going into a closed-door session.