The Petroleum Industry Governance
Bill (PIGB) has new hurdles to scale before it can be passed into law.
The harmonised version of the
bill was passed by the national asssemby in March 2018 but it is yet to be sent
to President Muhammadu Buhari sent for assent.
During senate plenary on
Thursday, the bill was referred to the conference committee on the petroleum
industry and governance for further legislative action.
The referral followed a motion
moved by Ahmad Lawan, senate majority leader, who said there are “fundamental
issues” in the bill — as well as the Climate Change bill — raised by the legal
department of the national assembly which needs to be considered.
“The senate recalls that the
Climate Change Bill, 2018 and Petroleum Industry and Governance Bill, 2018 were
passed by the senate and the house of representatives, and transmitted to the
clerk to the national assembly for onward transmission to the president for
assent on the 5th and 10th of April, 2018, respectively,” he said.
“The senate notes that after
critical examination of the bills, the directorate of legal services of the
national assembly observed some fundamental issues, which require fresh legislative
action.
“Relying on order 1(b) of the
senate standing rule, the senate accordingly resolves that the bills be
referred to the respective conference committees (on the bills) that had
earlier worked on them to consider the observations raised by the directorate
of legal services and report back to the senate within one week.”
The prayer was subsequently
adopted by the lawmakers after it was put to vote by Senate President Bukola
Saraki.
“The chairmen of the two
committees, Senators Tayo Alasoadura and Buka Ibrahim, will have a deadline of
one week for this report to come out before we go on break. We must consider
the conference report and pass it,” Saraki said.
If the bill signed into law, the
Nigerian National Petroleum Corporation (NNPC) will be unbundled and will start
running like proper business units.
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