Updated! PIB Stalls As Reps. Disagrees With Senate, Steps Down Report

Related stories

Thailand’s PM Paetongtarn Shinawatra suspended over leaked Hun Sen call

Thailand’s constitutional court has suspended the prime minister, Paetongtarn...

2027: Atiku, David Mark, Secondus, Tambuwal, Others Hold Crucial Meeting, Weigh Options

Former Vice President Atiku Abubakar, alongside former Senate President...

Ranked: 40 Best Countries in the World, According to People

Key Takeaways SwitzerlandĀ tops the 2024 ā€œBest Countriesā€ ranking fromĀ U.S....

OPEC Tensions Build as Kazakhstan’s Oil Production Hits All-Time High

Kazakhstan’s crude oil output jumped 7.5% in June to...

Drama as Lagos Monarch Strips Six Chiefs of Titles Over Labour Party Rally Attendance

By Abiola Olawale The Ojora of Ijora and Iganmu Kingdom,...
  • Insists On 5% To Oil Host Communities

The House of Representatives on Thursday has stepped down the adoption of the conference report on the age-long Petroleum Industry Bill (PIB), for the third reading and final passage.

This followed a disagreement with the Senate on the conference report by both chambers.

The New DiplomatĀ earlier reported that the Senate, on Thursday passed the conference report of the National Assembly on the PIB.

The Conference Committee of the Senate and the House of Representatives on the PIB, in its report adopted 3 per cent for oil producing communities as trust fund, which was passed by the red chamber last week.

It would be recalled the two chambers of the National Assembly, had passed conflicting per cent shares for the oil producing communities. While the Senate passed 3 per cent the House of Representatives passed 5 per cent.

Following the differences, the reports by both chambers were passed on to the conference committee for harmonization before President Muhammadu Buhari’s assent.

However, the adoption of the Conference committee led to a rowdy session as members of the House of Representatives protested the reduction of host community fund from the initial 5% passed by the House, to 3% passed by the Senate.

Midway into the rowdy session, Speaker Femi Gbajabiamila and some other principal officers went into a closed-door meeting which lasted for about three hours.

After the meeting, the speaker called for the consideration of report, asking the chairman of the ad-hoc committee on PIB, Hon. Mohammed Tahir Monguno to present the report for consideration.

Monguno in his presentation prayed the house to step down the bill.

Following arguments by the lawmakers, Gbajabiamila ruled against the approval of the bill, adding that the PIB will only be passed when there is a proper harmonization with the Senate.

ā€œThe Report of the Conference Committee on a Bill for an Act to Provide Legal, Governance, Regulatory and Fiscal Framework for the Nigerian Petroleum Industry, the Development of Host Communities and for Related Matters is hereby stepped down by leave if the House,ā€ Gbajabiamila ruled.

As it stands, the much-awaited PIB may not become law soon as the National Assembly has proceeded on its annual recess until September.

The New Diplomat
The New Diplomat
'Dotun Akintomide's journalism works intersect business, environment, politics and developmental issues. Among a number of local and international publications, his work has appeared in the New York Times. He's a winner of the National Youth Service Corps (NYSC) Award. Currently, the Online Editor at The New Diplomat, Akintomide has produced reports that uniquely spoke to Nigeria's experience on Climate Change issues. When Akintomide is not writing, volunteering or working on a media project, you can find him seeing beautiful sites like the sandy beaches that bedecked the Lagos coastline.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

NDN
Latest News
Thailand’s PM Paetongtarn Shinawatra suspended over leaked Hun Sen call2027: Atiku, David Mark, Secondus, Tambuwal, Others Hold Crucial Meeting, Weigh OptionsRanked: 40 Best Countries in the World, According to PeopleOPEC Tensions Build as Kazakhstan's Oil Production Hits All-Time HighDrama as Lagos Monarch Strips Six Chiefs of Titles Over Labour Party Rally AttendanceAnxieties as Ondo Govt Launches Probe into Akeredolu’s Death, Puts Widow Under ScrutinyTrump Blasts Elon Musk Over Renewed Criticism of US Spending BillIn Saint Lucia, Tinubu Receives Highest National HonourOil Prices Dip as OPEC+ Boosts SupplyRanked: The Biggest Currency Drops So Far in 2025Our Officers Deployed To Maintain Order Not To Prevent PDP NEC Meeting -- PoliceDon't Let Ganduje's Resignation Divide Us, Dalori Appeals To APC NWC Members, OthersAPC To Hold NEC Meeting On July 24Bode George Warns Tinubu, Decries Police Occupation Of PDP SecretariatClosing Ogoni wounds, opening old ones
X whatsapp