Reps approve 3 bills relating to PIB for second reading

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Three bills relating to the Petroleum Industry Bill (PIB) yesterday scaled second reading in the House of Representatives, The Sun reports.

They include a “Bill for an Act to provide for the governance and institutional framework for the petroleum industry and to establish a fiscal framework that encourages further investment in the petroleum industry while increasing accruable revenues to the Federal Government of Nigeria and for related matters,” which was transmitted from the Senate to the House for concurrence. Also a“Bill for an Act to provide for a framework relating to petroleum producing host communities’ participation, cost and benefit sharing among government, petroleum exploration companies and petroleum host communities and for related matters.”

And a “Bill and memorandum on legal and regulatory framework, institutions and regulatory authorities for the Nigerian petroleum industry, to establish guideline for the operations of the upstream and downstream sectors and to provide for the establishment of the legal and regulatory framework and authorities as well as guidelines for the operation of the upstream and downstream sectors of the Nigeria petroleum industry and for connected purposes.”

Citing Order 3 of the House Rules, Minority Leader Leo Ogor said the three bills ought to be consolidated before the commencement of debate. But the Speaker, Yakubu Dogara, disagreed with him, stating that the House had agreed with the Senate to take the Petroleum Industry Governance Bill (PIGB), which had earlier been passed by the Red Chamber and sent to it for concurrence, and its own PIB separately.