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PIB report almost ready – Senator

By on October 3, 2014

The Chairman, Senate Committee on Gas, Senator Nkechi Nwaogu, on Wednesday confirmed that the joint committee currently working on the Petroleum Industry Bill had almost concluded its assignment and would soon present the report for final approval and passage by the upper chamber.

Senate President, David Mark, had in Lagos last week assured Nigerians that the bill, which is expected to bring sanity to the oil and gas industry, would be passed into law before the end of the current legislative year.

Speaking in an interview with journalists in Abuja on Wednesday, Nwaogu said her committee had been working seriously with that of Petroleum Resources (Downstream and Upstream) to ensure the speedy passage of the bill.

She said, “The passage of the Petroleum Industry Bill is in progress. I am a member of the joint committee that is working on it and I know what we are doing. It is a complex bill with 16 pieces of other legislation.

“We are taking out the obsolete and duplicated ones, and we are putting in the things that are required in a 21st century petroleum industry bill. It is a bill that will stand the test of time.

 

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