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Friday, 21 September 2012

Petroleum Industry Bill (PIB) Passes First Reading

PIB 2012
The New version of Petroleum Industry Bill which President sent to the national assembly before they went on Recess has passed it first reading in red chamber.  On Monday a day before their resumption on Tuesday, a member of senate promised the bill would be given an accelerated hearing seeing the how important the bill is to Nigeria oil and gas industry and economy at large.
The senate chairman on Oil and Gas, Magnus Abbe hinted that the bill has scaled through the first reading. Hear him. ‘’Given the seriousness with which the leadership of the senate is treating the bill, I foresee a speedy consideration’’. He continued, ‘’the first reading has been taken and the second one is to e taken very soon.

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