* Says passage of PIGB
landmark achievement
Speaker
of the House of Representatives, Hon. Yakubu Dogara, has urged President
Muhammadu Buhari to, as a matter of urgency, sign into law the Petroleum
Industry Governance Bills (PIGB) passed into law by the National Assembly.
This follows the passage of the legislation by the House of
Representatives on Wednesday, the Senate had last Year passed a similar bull
which will now be harmonised with thebHosue version.
Hon. Dogara said the new legislation will be transmitted to the
President as soon as it is harmonised and explained that the parliament had to
move on and pass it's own version of the Bill following failure of the
Executive to present a draft bill to the National Assembly.
In a statement issued by his Special Adviser on Media &
Public Affairs, Mr. Turaki Hassan, Speaker Dogara, described the passage of the
PIGB, as historic and landmark achievement by the 8th National Assembly after
it was first introduced to the parliament by late President Umaru Musa Yaradua
in 2008.
Speaker Dogara argued that with the passage of the long-awaited
bill, the Petroleum Industry will 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 will still continue on
other aspects of the petroleum industry by the National Assembly in accordance
with the 8th Assembly's Legislative Agenda.
The House of Representatives had passed the bill at the twilight
of its tenure in 2011.
The Bill was subsequently withdrawn by former President Goodluck
Jonathan in 2010 and a revised version was re-transmitted to the National
Assembly in mid 2012.
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