Business
Senate will pass PIB in May, Electoral Bill in June: Ahmad Lawan
“The bill is on its final journey into the Senate and the House of Representatives chambers for consideration.”
The President of the Senate, Ahmad Lawan, has said the National Assembly would pass the Petroleum Industry Bill (PIB) and the Electoral Amendment Bill in May and June, respectively.
“The bill is on its final journey into the Senate and the House of Representatives chambers for consideration.
“We are expecting that by the first week of May, we will be able to receive the report of our committee on the PIB. Our design and desire are that we are able to pass the bill before the end of May,” he said.
Mr Lawan stated this while playing host to visiting UK Minister for Africa, James Duddridge, the British High Commissioner to Nigeria, Catriona Laing, and other officials in Abuja.
He added, “The National Assembly is working tirelessly to ensure that we pass the PIB, which is a very important piece of legislation for our country.
“This time around, we have devised different means and ways of ensuring that it is not only passed by the parliament but it is assented to by the president.”
The lawmaker further stated that the lawmakers believed it was also the House of Representatives’ position that they can pass the bill simultaneously.
“We think that this is one legislation that will change the economic fortune of our country because it will make a huge difference in our earnings from petroleum resources that we are endowed with.
“But we also believe that this is one piece of legislation that will give significant or sufficient incentives to the oil companies, especially the International Oil Companies doing business in Nigeria,” said Mr Lawan.
On the Electoral Amendment Bill, he stated, “We have been working on that. It is also our programme. We will be able to pass it before we go on summer break. We are hopeful that we will be able to pass the bill before the end of June.”
-
News3 days ago
Family, Friends Celebrate Jailed Former Deputy Senate President, Ike Ekweremadu’s Birthday
-
Niger Delta6 days ago
Niger Delta Stakeholders Accuse Olu of Warri and PINL Management of Dishonesty Over Terminated Pipeline Contract
-
Politics3 days ago
PROPHESY TO PRESIDENT BOLA AHMED TINUBU ABOUT 2027
-
Politics7 days ago
Rivers’ crisis: Timi Frank to TInubu, APC: Wike’s illegal impeachment plot against Fubara distabilze your administration
-
Politics7 days ago
Ogbia Council Boss, Appoints Prince Isaac Amakuro as Political Secretary
-
News7 days ago
Baraza executes court order, removes properties from Becky father’s residence
-
Business4 days ago
Baraza: Bribena pleads for understanding, highlights solutions to organization’s problems
-
Business6 days ago
Wema Bank Unveils CoopHub, Nigeria’s First Digital Platform for Cooperative Societies