Petroleum Industry Bill, PIB, has been renamed Petroleum
Industry and Governance Bill, after both chambers of the National Assembly had
gone through thorough harmonisation of its contents.
This is just as the prolonged exertion to establish the Nigeria Peace Corps suffered major setback at the Senate, following the disapproval by the Department of State Services, DSS, Nigerian Police and the Nigeria Security and Civil Defence Corps, NSCDC, towards the move.
Meanwhile, the harmonisation and renaming of the PIB by both chambers of the National Assembly marked the third time the document would pass first reading in the Senate.
The Senate and House of Representatives had recently harmonised a new draft of the bill and renamed it PIGB following a prolonged silence by the presidency on the bill as well as the continued agitation for its passage by the citizenry.
The National Assembly has been in the eye of the storm over its failure to pass the PIB in two consecutive assemblies.