The Senate on 25 May passed the first element of long-awaited sector reforms, the Petroleum Industry Governance Bill (PIGB). The bill has now to go to the House of Representatives and, if successful, must eventually be signed into law by the federal president. Other elements of the Petroleum Industry Bill (PIB) reforms are now expected to go through the system. The Senate’s vote was widely welcomed, with the Nigeria Extractive Industries Transparency Initiative among those who called on the House of Representatives to give the PIB “an accelerated consideration”.
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