BusinessBreaking: Reps Pass Petroleum Bill

Breaking: Reps Pass Petroleum Bill

spot_img

By Fola James

Access Bank Advert

The Petroleum Industry Bill, PIB has been passed by the House of Representatives.  on Thursday passed the long awaited Petroleum Industry Bill (PIB) after considering and adopting the bill’s 318 clauses.

The bill will now awaits Senate concurrence following which it will be sent to President Muhammadu Buhari for assent.

UBA

The president sent the bill to the National Assembly last September. Its aim is to open up the petroleum industry and make the sector more investor friendly, though some say the content of the bill will further drive away the Foreign Direct Investment, FDI required to grow the sector.

READ ALSO:  South West Speakers' Conference To Address Strategies For Improved Lawmaking

Details later….


Discover more from The Source

Subscribe to get the latest posts sent to your email.

Share your story or advertise with us: WhatsApp: +2348174884527, Email: [email protected]

Your Comment Here

More articles

Discover more from The Source

Subscribe now to keep reading and get access to the full archive.

Continue reading