National Assembly transmits PIGB to Buhari

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The National Assembly has transmitted the Petroleum Industry Governance Bill to President Muhammadu Buhari for signing into law, The PUNCH learnt on Tuesday.

The PIGB seeks to unbundle the Nigerian National Petroleum Corporation, among others.

A source at the Senate told our correspondent that the bill was transmitted to the President for assent on July 3, 2018.

“We have transmitted the PIGB to the President. The acknowledgement copy indicates that it was received at the Presidency on July 3. It is now left with the President,” the source said.

The Senate had on March 28, 2018 passed the harmonised version of the PIGB.

The passage followed the adoption of the report by the Conference Committee on the PIGB, which harmonised the versions earlier passed by the Senate and House of Representatives.

The harmonised version of the bill seeks to split the NNPC and merge its subsidiaries such as the Department of Petroleum Resources and the Petroleum Products Pricing Regulatory Agency into one entity.

Source: PUNCH.

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