Senate Postpones Passage Of PIB Till 2018

Senate Postpones Passage Of PIB Till 2018

Like This Video 0 209058 Segun Vincent
Added by November 9, 2017

The Nigerian Senate has postponed till the first quarter next year passage of the Petroleum Industry Bill (PIB) stating that it has too much on its plate at the moment.

The lawmakers said the focus now is on the quick passage of the 2018 Appropriation Bill which was presented to a joint session of the National Assembly on Tuesday by President Muhammadu Buhari.

The chairman of the Senate Committee on Petroleum, Upstream, Senator Omotayo Alasoadura (APC-Ondo Central) said events have overtaken the Bill and it is no longer a priority. Therefore, it has to wait till next year to be taken up again.

He said this on Wednesday at the ongoing 7th Practical Nigerian Content Forum, even as he acknowledged the significance of the passage of the Bill to the oil sector.

He said, “The PIB will be passed in the first quarter of next year and this is because of the budget that was presented to the National Assembly by the President on Tuesday. He (Buhari) asked us to do all we can in order to pass the budget before the end of this year.

“So, there is much work to be done by the National Assembly on the budget and as a result of this, we won’t or may not have all the time to go through all that is needed for the passage of the PIB before the end of this year.

“The Senate president wants it to be done before the end of this year, but I have to be practical. For with the budget in place, I think we need to concentrate on its passage so that its implementation can also take effect in good time.”

This is not the first delay the PIB has suffered, a point Senator Alasoadura agreed to be true.

 

Similar Videos

Justice League’ Tops Box Office With Underwhelming Total

0 265190 0

It might have placed top of the North American box office, but “Justice League” didn’t have the super opening weekend predicted, falling short of expectations with takings of $93.8 million, according to data released Monday. With an all-star cast including

Famous actor Osita Iheme turns a year older on Tuesday, February 20,

0 226137 0

– Many of his fans, family members and followers have taken to social media to celebrate him – His close friend Chinedu Ikedieze aka Aki also wrote a touching message wishing him a happy birthday Popular Nigerian actor Osita Iheme

Photo: 56years-Old Security Guard Arrested For Having Repeated Sex With His Daughter

0 252231 0

A security guard at an old generation school in Lagos, has been arrested for allegedly having sex repeatedly with his daughter. The spokesperson of the state command, Chike Oti, said the suspect simply identified as Bello, 56, was reported by

No Comments

No Comments Yet!

No Comments Yet!

But You can be first one to write one

Write a Comment

Your data will be safe!

Your e-mail address will not be published. Also other data will not be shared with third person.
Required fields are marked*