The House of Representatives on Thursday passed
the long awaited Petroleum Industry Bill after considering and adopting the
bill’s 318 clauses.
Also, Speaker
of the House of Representatives, Femi Gbajabiamila said the electoral act will
be passed in the coming weeks.
The House’s
decision comes as the Senate began considering the bill after committee work
earlier on Thursday.
President
Muhammadu Buhari sent the bill to the National Assembly in September last year.
The bill aims
to modernise the petroleum industry and attract more investors into the sector.
More to follow . . .
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