The senate on Wednesday, began the process of legislative procedure for the passage of the controversial Petroleum Industry Bill (PIB) which was read for the first time in the floor of the Upper Chamber.
The PIB 2020( SB.510) was number two in the day’s Order of paper handled at the Upper legislative Chamber.
By scaling the first reading, the controversial PIB has begun the process of legislation for its passage in the National Assembly.
The All Progressives Congress (APC) Senate Leader representing Kebbi North, Yahaya Abdullahi, presented the proposed legislation to the floor, while the Senate President, Ahmad Lawan, read the bill to members for the first time.
Lawan directed the Clerk of the Senate, Dauda Ibrahim El- Ladan to start issuing copies of the bill to Senators, urging him to ensure that all Senators get a copy before Tuesday.
The leadership of the National Assembly had vowed to speed-up legislative action on the PIB submitted two weeks ago by President Muhammadu Buhari.
The PIB meant to regulate the entire petroleum industry, repeal all current existing oil and gas legislation, and ensure the clear separation of roles in Nigeria’s oil sector had found it difficult to pass through the processes of legislation to see the light of the day since its introduction to the National Assembly over a decade ago.