Speaker of the House of Representatives, Yakubu Dogara, has urged President Muhammadu Buhari to, as a matter of urgency, sign into law the Petroleum Industry Governance Bills (PIGB) passed by the National Assembly.
LEADERSHIP recalls that the House of Representatives passed the same version of the legislation as its Senate counterpart on Wednesday.
The speaker who informed that the new legislation will be transmitted to the president within the next few days also explained that the parliament had to move on and pass its own version of the Bill following failure of the executive to present a draft bill to the National Assembly.
In a statement issued by his special adviser on Media & Public Affairs, Mr. Turaki Hassan, Dogara described the passage of the PIGB, as historic and landmark achievement by the 8th National Assembly after it was first introduced to the parliament by late President Umaru Musa Yaradua in 2008.
He argued that with the passage of the long-awaited bill, the petroleum industry will witness drastic improvement as it will attract investors and open up the sector as the Nigerian National Petroleum Corporation (NNPC) would be unbundled with the creation of other bodies.
He however noted that work will still continue on other aspects of the petroleum industry by the National Assembly in accordance with the 8th Assembly’s Legislative Agenda.
The House of Representatives had passed the bill at the twilight of its tenure in 2011 but it was subsequently withdrawn by former President Goodluck Jonathan while a revised version was re-transmitted to the National Assembly in mid 2012.
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