The question on the lips of many is whether the Petroleum Industry Bill will ever be passed into law?
A house divided is bad enough, misplaced priorities make it even worse.
Femi Gbajabiamila has revealed that the lower legislative chamber intends to pass the PIB in April 2021.
IOCs claim deepwater provisions in PIB will deter investments in the Sector.
Ahmad Lawan has listed the benefits of the PIB presently before the National Assembly for consideration.
Lawan has assured Nigerians that the Senate will prioritise the PIB when it resumes sitting later in the month.
2020 has no doubt been one of the most challenging years for players in the oil and gas downstream sector, having to deal with several issues.
Lawan has assured Nigerians that the Electoral Act and the Petroleum Industry Bill will be passed into law before the end of 2021.
The pump price of petrol may be witnessing an increase as FG is set to add to it, strategic reserves’ financing cost.
The much-awaited PIB has passed the first reading in the Senate.