The National Assembly has finally submitted the Petroleum Industry Governance Bill to the Presidency, 96 days after passing the bill.
Special Adviser to the Senate President on Media, Mr Yousuph Olaniyonu confirmed to make it that the National Assembly submitted the bill on July 3 to the Presidency.
The Senior Special Assistant to President Muhammadu Buhari on National Assembly Matters (Senate), Senator Solomon Ita Enang also confirmed the submission in a short telephone conversation.
The National Assembly passed the bill on March 28, 2008.
The projected value of the loss of the non passage of Petroleum Industry Bill to the Nigerian economy per annum, according to the Minister of State for Petroleum, Dr. Ibe Kachikwu, is $15 billion. The President has 30 days within which to sign or reject the bill.
The PIGB will establish the Nigeria Petroleum Regulatory Commission which will be vested with all assets, funds, resources and other movable and immovable properties previously held by the Petroleum Inspectorate, the Department of Petroleum Resources and the Petroleum Products Pricing Regulatory Agency.


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lalasticlala seun

PRAISSSSSSSSSSE THE LORD

At last... After so much amendment... Hope they have not taking the substance away leaving the water...