Speaker of the House of Representatives, Yakubu Dogara, has urged President Muhammadu Buhari to urgently sign into law the Petroleum Industry Governance Bills, PIGB, when it gets to him.
It will be recalled that the bill was considered and passed by the House of Representatives on Wednesday at plenary.
Dogara said the new legislation would be transmitted to the President as soon as it was harmonised. He explained that the parliament had to move on and pass its own version of the bill, following failure of the executive to present a draft bill to the National Assembly.
Dogara argued that with the passage of the long-awaited bill, the Petroleum Industry would “witness drastic improvement as it will attract investors and open up the sector as the Nigerian National Petroleum Corporation (NNPC) would be unbundled with the creation of other bodies.” The speaker, however, noted that work would still continue on other aspects of the petroleum industry by the National Assembly in accordance with the 8th Assembly’s Legislative Agenda.