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The Senate on Thursday passed the Petroleum Industry Bill and approved 3 per cent for the host communities
The upper chamber passed the PIB, 2021 after the clause by clause consideration of the report of its joint committee on Petroleum (Upstream, Downstream and Gas) on PIB.
Although the Senate approved three per cent for the host communities despite protests from the South-South lawmakers, who advocated 5 per cent.
The Senate had before then, held a closed session with the Minister of State for Petroleum, Timipre Sylva and the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari.
Senate President Ahmad Lawan congratulated the lawmakers and said the Ninth National Assembly has achieved one of its fundamental legislative agenda.
“The demons (of PIB) have been defeated in this Chamber. We have passed the bill,” he said.
Earlier, the House of Representatives had considered and adopted the report by the committee, leading to the passage of the PIB.
The Committee of the Whole had considered the clauses of the bill as recommended by the Committee on PIB.
The Speaker, Femi Gbajabiamila, hailed the lawmakers for the record passage of the controversial bill, describing it as significant in the history of the parliament.
