The House of Representatives on Thursday, July 1, passed the 2021 Petroleum Industry Bill (PIB).

The bill was passed after its third reading as the representatives considered and adopted the report by the committee.

Chairman of the House Adhoc Committee on the PIB, Rep. Mohammed Tahir Mongunu moved for the consideration of the motion.

Mongunu said;

“That the House do consider the Report of the Ahoc Committee on Petroleum Industry Bill on an Act to Provide Legal, Governance, Regulatory and Fiscal Framework for the Nigerlan Petroleum Industry, the Development of Host Communities; and for Related Matters, 2021 (HB. 1061) and approve the Recommendations therein.”

The Speaker, Femi Gbajabiamila, lauded the lawmakers for the record passage of the controversial bill, describing it as significant in the history of the parliament.