Home News At last, PIB Bill to be passed into law in April

At last, PIB Bill to be passed into law in April

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Speaker, House of Representatives, Femi Gbajabiamila has assured that the legislative house is committed to the passage of the Petroleum Industry Bill, PIB into law in April this year.

Gbajabiamila made this promise during a public hearing  organised by the Ad-hoc Committee of the House on PIB on Wednesday.

He however noted that the lawmakers would painstakingly take their time to peruse the spirit and the letters of the bill before passage.

“We tend 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”, he said.

In his opinion, the Minister of State for Petroleum Resources, Timipre Silva was happy that the bill would finally scale through after 20 years of its introduction to the national assembly,

He added that both the upper and the lower legislative chambers have expressed interest to pass the bill into law.

Also speaking,  the Group Managing Director, GMD of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari said that hope is not yet lost on the oil and gas industry, noting that the sector would still be viable in the next 30 years