Senate aims for March final reading of oil governance bill

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A leading senator said on Tuesday that Nigeria’s senate aims to present an oil governance bill for its third and final reading by the end of March, as part of a series intended to overhaul the oil sector, Reuters reports.

The legislation is part of proposed reforms that make up the sprawling Petroleum Industry Bill (PIB), which has been in discussion for over a decade and redrafted many times but has yet to be passed into law.

“We hope to present the (governance) bill for the third and final reading not later than the end of March 2017,” said Senator Tayo Alasoadura, who coordinates committees handling the passage of the Petroleum Industry Governance Bill.