House of Reps passes the Petroleum Industry Bill

The Nigerian House of Representatives passed the Petroleum Industry Bill today. The Senate is also expected to pass the bill later today, after which the versions of the Bill will be reconciled before being sent to the President for assent. The reconciliation process is expected to be short as the House of Reps and Senate Committees worked together in the review of the Bill. The President is likely to give his assent fairly quickly to the Petroleum Industry Bill, given that the Bill was proposed by the Executive and its drafting committee worked very closely with the National Assembly. We will share the version of the Bill we have received shortly.

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