The Petroleum Industry Bill (PIB) has passed third reading at the House of Representatives.
This is coming 24 hours after the Green Chamber received the report on the Bill.
The Bill passed the third reading on Thursday, after the chairman of the Ad-hoc Committee on Petroleum Industry Bill (PIB), Mohammed Monguno, presented a report and the lawmakers voted on 319 clauses of the Bill.
Before the clauses of the bill were considered, Monguno said by passing the Bill, the ninth house would have succeeded in enacting important legislation.
He added that the Bill seeks to bring governance issues in the oil and gas sector in tandem with the international best practices.
Monguno said the Bill would make the oil and gas industry more transparent and competitive.
After the lawmakers approved the Bill clauses, Femi Gbajabiamila commended his colleagues for their commitment towards its passage, adding that the lower legislative chamber has made Nigeria proud.
Gbajabimila assured that the Electoral Act would be passed in the next couple of days.
