06 April 2017, Sweetcrude, Abuja – Barring any last-minute changes, the Senate Joint Committee on Petroleum (Upstream, Downstream, and Gas), will today submit the final printed copy of the report of the Petroleum Industry Governance Bill, PIGB, to the Senate.
This is going by the schedule on the final stages of the committee’s work as disclosed by the body in Abuja.
According to the schedule, the committee was expected to have held a final joint meeting at a one-day retreat in Abuja on Tuesday, where its members were expected to have received further input, deliberated on their findings and recommendations, and concluded their report in readiness for submission to the entire Senate tomorrow.
After the submission of the final printed copy of the report, the main report will be laid before the Senate on April 25, 2017, for final consideration and approval.
Senate President, Dr. Bukola Saraki, who spoke recently during a three-day public hearing organised by the Committee, the PIGB is meant to create efficient and effective governing institutions with clear and separate roles for the petroleum industry.
Besides, he stated that the PIGB also seeks to establish a framework for the creation of commercially oriented and profit driven petroleum entities that ensure value addition and internationalization of the petroleum industry; promote transparency in the administration of the petroleum resources of Nigeria; and create a conducive business environment for petroleum industry operations.