There are the details of this bill. Obviously, they broke up the PIB into parts. Let's hope they sign the other parts as well.

olokeded:
Nigerian Senate on Thursday passed the petroleum industry governance bill 2017 consisting of 134 clauses after considering its committee report.

http://www.metronaija.com/2017/05/senate-signs-petroleum-industry.html

16years is how long it needs, to perfect their looting plan, against the Bill.

All hail Saraki and his gang of Legislooters

ChinonsoDike2:
Blacks can't run a country. 16 years to pass a bill?! What a joke.

Self-hating Blacks (like you) are even worse... they prefer to remain SLAVES to the White man!

can someone please quote me and explain the implication of the bill being passed as well as the merits and demerits of said bill.

Why Now?

one can imagine a type of PIB that could be passed under Muhammadu Buhari presidency. Scammers!!!!

The PIGB 2017 passed by the Senate on May 25, 2017, has the following objectives:

create efficient and effective governing institutions with clear and separate roles for the petroleum industry;
establish a framework for the creation of commercially oriented and profit driven petroleum entities that ensure value addition and internationalization of the petroleum industry;
promote transparency and accountability in the administration of petroleum resources of Nigeria; and
foster a conducive business environment for petroleum industry operations.

To this end, the bill creates an independent regulatory commission to be headed by five executive commissioners. The executive commissioners are accountable to a Board and appointed by the President subject to the ratification of the Senate.The bill also clarifies the role of the Minister

The bill also clarifies the role of the Minister in the industry, focused on policy supervision. It provides for the incorporation of a number of commercial entities as limited liability companies under the Companies and Allied Matters Act to take over the assets and liabilities of NNPC.

After 16yrs of watering the bill down and rendering it impotent because of a certain region's sloth, greed and entitled mentality. Country is past weeping for, for what is dead may never die!

Daboomb:


Self-hating Blacks (like you) are even worse... they prefer to remain SLAVES to the White man!

What use is freedom if it ruins you? Independence was like premature delivery, in our case without an incubator, what do you end up with? A dead foetus as we have today!

Hope the sharing arrangements will be canceled