President of the Senate, Ahmad Ibrahim Lawan, Wednesday, stated that the National Assembly has started consultation with the executive arm of government on a new version of the Petroleum Industry Bill to be introduced in the ninth National Assembly.
Lawan stated this during a meeting with representatives of the International Monetary Fund (IMF) who paid a visit to his office at the National Assembly, Abuja.
Representatives on the IMF delegation are: Amine Mati, Senior Resident Representative Mission Chief for Nigeria; Jesmine Raman; Zainab Mangga; Nanrup Ibrahim; Osana Odonye; and Harrison Okafor.
Lawan said the ninth assembly in its determination to see to the eventual passage of the Petroleum Industry Bill which defied passage into law since 2007, devised a strategy which deploys constant interaction and collaboration between the executive and legislative arms of government.
He stated that the interface between both arms would birth a new PIB to be drafted from scratch, and which would be passed by the National Assembly and assented to by the president before the end of the year.
“Going forward, the Petroleum Industry bill as referred to, has defied passage over the years since 2007.
“In 2011, there was another effort by the government, that bill was not passed as well. In 2015, there was a legislative effort and the PIGB was passed eventually, but at the end of the day was not signed.
“So, we came up with a new idea in the ninth National Assembly, that the fact that the executive tried by drafting a bill and bringing it here for two tenures, then the legislature tried to do it on its own, none saw the light of the day.
“This time around, we should actually interact and collaborate more even before the bill is born. Let the Petroleum Industry Bill be one of the executive and legislature, and that means starting to work on the bill from scratch between both arms of government.
“We are in consultation already, and by the time that we are able to fashion out the bill, our committees will swing into action.
“We believe that this time around, the ninth National Assembly will break the jinx and should be able to pass the Petroleum Industry Bill,” Lawan said.
critically to ensuring there is prudence and efficiency,” he added.
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