The leaderships of the National Assembly and the Nigerian National Petroleum Corporation (NNPC) have reportedly met minds on the Petroleum Industry Bill (PIB)
The meeting, according to reports, held at the behest of the NASS leadership ahead of rezumption of plenaries on Tuesday.
At the meeting, they discussed the philosophy of the PIB, its focus and how to proceed this time round to seamlessly pass a bill that reflects the interests of all stakeholders within the context of preservarion of national interest.
Senate President, Ahmad Lawan said President Muhammadu Buhari’s letter containing the PIB would be read on the floor of both chambers when the National Assembly resumed plenary session Tuesday.
He said the National Assembly wanted to see an oil industry that would be regulated, and that would be beneficial to Nigerians and attract masdive investments into the country.
He also assured Nigerians that the National Assembly would expeditiously pass the PIB.
Speaker of the House of Representatives, Femi Gbajabiamila, said the National Assembly was committed to the passage of the bill.
He stated that the federal legislature would not sacrifice thoroughness at the altar of urgency.
He disclosed that the House had assembled a team of experienced legislators in the oil industry sector to work on the PIB.
Those at the meeting were Ahmad Lawan, Femi Gbajabiamila, Minister of State for Petroleum, Timipre Sylva and the NNPC boss, Mele Kyari.