President Muhammadu Buhari has transmitted the Petroleum Industry bill to the House of Representatives for passage.
It would be recalled that in the 8th Assembly, a part of the PIB was passed by the legislature but the president declined assent due to disagreement on certain provisions in the bill.
The Speaker of the House, Mr. Femi Gbajabiamila read the letter on the floor Tuesday, 29 September 2020 on resumption from its seven weeks’ recess.
Gbajabiamila in his opening remarks stated that the House will commence work on the PIB.
Meanwhile, the federal government commenced the process to repay Bayelsa, Cross River, Ondo, Osun and Rivers States’ money spent on federal road construction.
President Muhammadu Buhari in a letter read on Tuesday by the Speaker, Femi Gbajabiamila, seeks the approval of the House to repay the state a total sum of N148.1billion as promissory notes for federal road projects done by the state.