The Senate President, Dr. Bukola Saraki yesterday pledged that the 8th Senate would break the jinx and the long-awaited Petroleum Industry Bill (PIB) to stimulate the country’s economy.
Speaking during the inauguration of 12 standing committees of the Senate, Saraki said the legislature this time around has adopted the Bill as one of their legislative agenda.
The committees are: Education (Basic and Secondary), Women Affairs, Privatization, Petroleum (Upstream and Downstream), Culture and Tourism, Gas Resources, Employment, Labour and Productivity, States and Local Government, Special Duties Affairs, Establishment and Public Service, and Sports and Youth Development.
According to the Senate president, attempts in the past to reform the industry through the PIB have not been able to go full circle for variety of reasons.
This jinx, he said, would be broken as the senate was already working closely with the executive towards getting the bill passed as soon as possible.
In a matter of weeks, the senate will begin consideration of the first set of bills on the Petroleum Industry reforms, Saraki added.
He urged members of the Senate Committees on Petroleum to pay very close attention to the bills and treat them with dispatch.
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