Economy
Gbajabiamila Says House of Reps Will Pass Petroleum Industry Bill in April
Gbajabiamila Says House of Reps Will Pass Petroleum Industry Bill in April
Femi Gbajabiamila, the Speaker of the House of Representatives, on Wednesday, said the Reps will pass the Petroleum Industry Bill (PIB) into law in April 2021.
The speaker disclosed this during his opening remarks at the ongoing public hearing on the proposed legislation organised by the House Ad-hoc Committee on PIB.
He said “We intend to pass this bill by April. That is the commitment we have made. Some may consider it a tall order, but we will do it without compromising the thoroughness.”
Gbajabiamila’s comment came two days after Ahmad Lawan, the Senate President, said the passage and assent to the Petroleum Industry Bill (PIB) will be done before the end of May.
Once passed into law, experts expect the bill to boost Nigeria’s economy, encourage competition and boost revenue.