Saraki Promises Swift Passage Of Various PIB Components

Saraki Promises Swift Passage Of Various PIB Components

The President of the Senate, Dr. Bukola Saraki, has said that the passage of the Administrative and Fiscal Policy Bills for the petroleum industry will be key issues for the Senate when it resumes after its annual recess, THISDAY reports.

In a statement by his Special Adviser (Media and Publicity), Mr. Yusuph Olaniyonu, Saraki said the host community component of the Petroleum Industry Bill (PIB), which looks at the ecological debt incurred against communities where petroleum exploration happens, and community participation and security of these communities will also be on the front burner of the Senate.

“Similarly, the Industry Administration component of the PIB, which seeks to open up the industry to investment and growth, as well as create the much-needed expansion of the industry by allowing new entrants into the operations of the industry, is now at the committee stage at the Senate. We will work to quickly pass the bill,” Saraki said.

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