Posts Tagged ‘Petroleum Industry Bill (PIB)’

Gbajabiamila Says House Will Approve PIB Within Six Months

By Adejumo Enock Speaker of the House of Representatives, Femi Gbajabiamila has stated that the house is more than willing to pass the Petroleum Industry Bill within the next six months. The speaker said the house would ensure that it prioritizes a bill that will be beneficial to all. The Special Adviser to the Speaker […]

Struggle for Dominance Between Presidency, N’Assembly Hampers Passage of PIB

The unnecessary struggle for dominance incited by the executive arm of the government is currently the factor responsible for the stalemate on the legislation and passage of Petroleum Industry Bill (PIB) by the National Assembly. The National Assembly recently began legislation on the bill, but the executive did not take this action well, because they […]

Saraki Orders Indefinite Suspension of New PIB

A few weeks after the long pending Petroleum Industry Bill, PIB, passed second reading in Senate, the Senate President, Bukola Saraki, has ordered the indefinite suspension of further consideration of the bill. Saraki’s directive, according to our source, is in reaction to a staunch opposition mounted against the treatment of the bill by senators of […]

PIB: Nigeria Loses $15bn Annually

Dr. Ibe Kachikwu Group Managing Director of the Nigerian National Petroleum Corporation (NNPC),  has said “Nigeria loses $15 billion annually due to non-passage of the Petroleum Industry Bill (PIB) into law”. Dr. Kachikwu, who spoke in Abuja when he appeared before the Senate for ministerial screening, expressed concern and disappointment over the delay in passing […]