Tag Archives: PIGB

Senate Passes PIGB – After Addressing Buhari’s Concerns

PIGB

The Senate has passed the petroleum industry governance bill (PIGB).The upper legislative chamber also passed the National Institute for Hospitality and Tourism bill 2019, National Research and Innovation Council bill 2019, Stamp Duties act (amendment) bill 2019 and National Agricultural Seed Council bill 2019.

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National Assembly Passes Harmonise Petroleum Bill, Imposes 5% Fuel Levy On Nigerians

PIGB

In an unexpected twist, the National Assembly, yesterday, passed the harmonised version of the Petroleum Industry Governance Bill (PIGB) and imposed a five per cent fuel levy on fuel sold to Nigerians across the country. According to lawmakers, the five per cent would be used to finance the Petroleum Equalisation Fund (PEF), as established under the bill. Section 36 (1) (a) …

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