Petroleum Industry Bill Gets A Boost As National Assembly Resumes

The Speaker of Nigeria’s House of Representatives, Hon Femi Gbajabiamila, has assured that the orchestrated Petroleum Industry Bill (PIB) will be passed in the lifetime of the current 9th National Assembly.

Addressing plenary as the House resumed from a six-week recess, the Speaker urged all the ad-hoc committees’ setup by the House at the inception of the 9th Assembly to expedite action on issues before them and handover to standing committees by September 30.

According to him “In this session, the House of Representatives will consider important legislation such as the Petroleum Industry Bill (PIB). I believe that we in this 9th Assembly are ideally suited to surmount the obstacles that have mitigated against the passage of this essential reform legislation which is important if we are to properly address the structural, operational and policy challenges and inefficiencies in the Nigerian petroleum industry, and position the industry to best serve the interests of all the Nigerian people,” he said.

He added that in addition, to the passage of the PIB, the 9th National Assembly will see the reintroduction of the of Bill prohibiting estimated billing in the power industry, intended to put a permanent end to the wastefulness and unfairness created by an unreliable and arbitrary system that imposes unforeseen costs on individuals and businesses alike.