BRIZZYNG.COM – The Senate Wednesday read for the first time, the Petroleum Industry and Governance Bill (PIGB),
signaling
commencement of another legislative journey for the much-delayed oil and gas industry reform legislation for
Nigeria.

The Petroleum Industry Bill (PIB) had suffered stillbirth since the 6th assembly owing to factors ranging from geo-
politics and
controversy over sharing of compensation and powers of the Petroleum Minister, among others.

The PIGB, introduced by Senator Donald Alasoadura (APC, Ondo Central) is the combined effort of both the Senate
and House of
Representatives.

In another development, the Senate has mandated its Joint Committees on Petroleum (Upstream and Downstream),
Finance and
Appropriation to conduct a comprehensive investigation of the joint venture cash calls by the Nigeria National
Petroleum Corporation
(NNPC).

The Senate took the decision due to allegations that the NNPC had been in violation of rules governing its Joint Venture
Cash Call
responsibility.

A motion by Senator Bassey Akpan (Akwa Ibom North east) on the issue led to the senate resolution.

http://brizzyng.com/finally-petroleum-reforms-bill-sets-sail-in-senate/

Nonsense, NNPC has been reformed no need