Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Revised PIB arrives National Assembly after COVID-19 delay

    Revised PIB arrives National Assembly after COVID-19 delay

    August 17, 2020
    Share
    Facebook Twitter LinkedIn WhatsApp

    OpeOluwani Akintayo

    Lagos — The revised Petroleum Industry Bill, PIB, has been passed to the National Assembly by the Presidency after months of setback by the coronavirus pandemic.

    SweetcrudeReports gathered that the new version of the bill, which had been approved by President Muhammadu Buhari and the Federal Executive Council, FEC, has been represented to the Senate by a team of lawyers at the Ministry of Justice.

    After over a decade of trying to pass it into law, the Nigerian legislature in January, began consultation with the president to draft the bill “from scratch”.

    The bill was supposed to have been presented to the Senate in February, according to Minister of State for Petroleum Resources, Timipre Sylva.

    The revised edition combines 16 different Nigerian petroleum laws into a single-volume document. The first version of the bill was presented to the National Assembly in 2007.

    Senate president, Sen. Ahmed Ibrahim Lawan, had expressed confidence on Twitter that the bill would be passed by both chambers of the National Assembly and sent to the president to sign it into law before the end of the year.

     “We believe that this time around, the ninth National Assembly will break the jinx and should be able to pass the Petroleum Industry Bill,” he said in February.

    The PIB when finally passed into law, will overhaul Nigeria’s petroleum sector with regards to taxation and other affairs.

    Related News

    Despite NPA’s intervention, export cargoes still stock at EPTs for days

    Crude oil rebound reflects optimism over the U.S.-China dialogue

    Stakeholders hail PINL’s achievements in protecting TNP

    E-book
    Resilience Exhibition

    Latest News

    Gold rose amid geopolitical risks, investors await trade developments

    May 9, 2025

    Despite NPA’s intervention, export cargoes still stock at EPTs for days

    May 9, 2025

    Nigeria recommits to fostering enabling environment for inclusive prosperity

    May 8, 2025

    Ogbe reiterates vision of NCDMB, as AMNI celebrates NOGICD Act

    May 8, 2025

    Ghana’s currency to extend gains, Nigeria’s and Uganda’s steady

    May 8, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.