Respite may be voming the way of petroleum sectir as the Senate on Monday commenced a two-day public hearing on Bill expected to reinvigorste the indydtry with the attedant impact on the tebenue to thr economy.
The PIB has lingered in the National Assembly for over twenty years with previous assemblies failing to pass the critical legislation.
In fact, senate president, Ahmed Lawan had recently rsised the slarm thst vedted and entrenched interest both within and outside the country are trying hard to frustrate the passage of the all important bill, promising however that this senate will its passage.
But aLawan assured that the PIB will be passed in the first quarter of this year.
While assuring of a quick passage of the PIB, Senator Lawan warned that all stakeholders must play their roles to make it a reality.
He said the lack of passage of the PIB is linked to inadequate consultation of necessary stakeholders.
He added that the country deserves legislation that will stand the test of time.
