National Assembly Shifts Deliberations on PIB to 2021

0 168

The National Assembly has shifted deliberations on the Petroleum Industry Bill to the first quarter of next year, the Minister of State for Petroleum Resources, Timipre Sylva, has said.

Speaking on the sidelines of the Joint Executive-Legislature Leadership Retreat at the Presidential Villa Banquet Hall in Abuja, Sylva told journalists that the National Assembly said they need to work on the 2021 Appropriation Bill.

[Also Read] N/Assembly, Officials of Petroleum Ministry, NNPC, Others in Confab Over PIB

This, according to him, was one reason why deliberations on the PIB had to be shifted, adding that the lawmakers explained that the 2021 Appropriation Bill needed to be ready before January next year.

“What the National Assembly has told us in our engagement with them is that the PIB, which is a very important piece of law, is coming at a time when they will be considering the Appropriation Bill,” the minister said.

He added, “And you know that this Appropriation Bill will be passed before the first of January.”

[Also Read] National Assembly Increases Oil Price Benchmark To $51

“So, they have to focus on the Appropriation Bill at this time. I think that is going to delay deliberations on the PIB till the first quarter of next year.”

Sylva expressed the belief that the bill would be passed in the first quarter of next year because there was consensus around the passage of the PIB.

Peace Obi

More on Nigeria Oil and Gas Industry News on Orient Energy Review.


Get more news like this directly in your inbox

Leave A Reply

Your email address will not be published.

Enable Notifications    Ok No thanks