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.
The Minister has clarified that the new PIB seeks to commercialize the NNPC rather than scrap it.
Sources in the Presidency have disclosed that the President may be presenting the bill to the National Assembly.
The bill would unlock potential investments into Nigeria’s rich resource base.
Ogbue said the bill will ensure a new future of legislation in the sector.
The Senate will revisit more investment laws to support the development and growth of the Nigerian capital market.
According to the Senate President, the ninth NASS will pass the long-awaited PIB which has not been assented to for more than a decade.
In response to criticism from experts in the oil and gas industry, the Presidency has denied reports President...
