Friday, February 26, 2021
SK's News Blog
  • Breaking News
  • Nigeria
  • Opinions and Editorials
  • Covid-19
  • Economy
  • Elections
  • Politics
No Result
View All Result
  • Breaking News
  • Nigeria
  • Opinions and Editorials
  • Covid-19
  • Economy
  • Elections
  • Politics
No Result
View All Result
SK's News Blog
No Result
View All Result

House will pass PIB into law in April – Gbajabiamila

4 weeks ago
in General News
Gbajabiamila

The Speaker of the House of Representatives, Femi Gbajabiamila, has emphasized the commitment of the parliament to pass the Petroleum Industry Bill, PIB, into law in April 2021.

Gbajabiamila gave the assurance while taking contributions at the public hearing, organized by the Ad-hoc Committee of the House on PIB.

The Speaker promised that the speed of the passage would not diminish the thoroughness expected of the lawmakers on the bill.

The Minister of State for Petroleum Resources, Timipre Silva, said he is optimistic that after 20 years of the introduction of the PIB to the National Assembly, that both the Senate and the House of Representatives would continue the sustained determination to pass the bill into law.

ADVERTISEMENT

Similarly, the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari, offered a glimpse of hope that oil will still be relevant in the next 30 years.

Mele added that the passage of the bill into law would bring about the needed vigour and transparency that would, in turn, engender productivity in the petroleum industry.

In his submission, the Chairman, Federal Inland Revenue Service, FIRS, Mohammed Nami, explained that the bill would promote economic growth and make the petroleum sector competitive.

He stressed total support of the Service to the development of the oil and gas industry, inline with international best practices.

The bill, termed, “A Bill for an Act to Provide Legal, Governance, Regulatory and Fiscal Framework for the Nigerian Petroleum Industry, the Development of Host Communities and for Related Matters (HB. 1061)”, is an executive bill that debuted to the National Assembly 20 years ago.

But high profile multicoloured interests, according to reports, had stifled its legislative progress and passage.

Also Read: I have never met Femi Ojodu – Sunday Igboho

With this development, President Muhammadu Buhari, on September 20, 2020, retransmitted the Bill to the National Assembly, for which the House is currently having a public hearing with key players in attendance.

Pass It On:

  • Twitter
  • Facebook
  • WhatsApp
  • Telegram
  • Email

Like this:

Like Loading...

Related

Tags: Femi GbajabiamilaHouse of RepresentativesMele KyariNNPCpib
Share4Tweet3
Next Post
Imo

Streets deserted, economic activities crippled in Orlu town, Imo State

Lets us know what you think Cancel reply

1 Comment
Inline Feedbacks
View all comments
trackback
Streets deserted, economic activities crippled in Orlu town, Imo State | SK's News Blog
29 days ago

[…] Also Read: House will pass PIB into law in April – Gbajabiamila […]

Loading...
0
ADVERTISEMENT
  • Tinubu

    Tinubu is 80 years old, a serial forger with multiple identities and a shady past – Odumakin

    5782 shares
    Share 2313 Tweet 1446
  • Cardinal Onaiyekan increases Bishop Kukah’s volume, advises Buhari to stop lying to Nigerians

    3794 shares
    Share 1518 Tweet 949
  • MKO Abiola June 12 2020 Annual Quiz – N100,000 cash prizes to be won this Friday

    1605 shares
    Share 806 Tweet 333
  • Atiku will run for president in 2023 – Adamu Atiku

    1001 shares
    Share 400 Tweet 250
  • ‘Pastor’ Ize Iyamu caught on video encouraging thugs led by Tony Kabaka to flout electoral regulations

    872 shares
    Share 349 Tweet 218
ADVERTISEMENT
SK's News Blog

© 2020 SK's Blog - All Rights Reserved.

Navigate Site

  • Basket
  • Checkout
  • My account
  • Player Embed
  • Search Videos
  • Shop
  • Sola Kuti’s Blog
  • User Videos
  • Video Category
  • Video Tag
  • Contact

Follow Us

No Result
View All Result
  • Breaking News
  • Nigeria
  • Opinions and Editorials
  • Covid-19
  • Economy
  • Elections
  • Politics

© 2020 SK's Blog - All Rights Reserved.

wpDiscuz
1
0
Would love your thoughts, please comment.x
()
x
| Reply
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.
%d bloggers like this: