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The Federal Government is re-introducing a revised version of the Petroleum Industry Bill (PIB) to the National Assembly within the next two weeks.
TImipre Sylva, the minister of state for Petroleum Resources confirmed this in an interview over video conference with Kadaria Ahmed, veteran journalist, which aired on Channels Television, Sunday evening.
Sylva also said that the new PIB has merged the various aspects of the bills including fiscal, administration, governance and host community aspects into one bill which would be considered together for passage.
Sylva further said that in order to prevent previous delays in the passage of the bill, the government has embarked on broad consultation with stakeholders to arrive at a bill that would not be encumbered in the national assembly.
The PIB was first introduced over a decade ago but has been unable to be passed. The 8th national assembly successfully passed the governance aspect of the bill but President Buhari refused to assent the bill.
