Jonathan sends PIB to National Assembly

The Minister of Petroleum, Diezani Alison-Madueke on Wednesday said that President Goodluck Jonathan has sent the latest draft of the Petroleum Industry Bill (PIB) to … Continue reading Jonathan sends PIB to National Assembly


The Minister of Petroleum, Diezani Alison-Madueke on Wednesday said that President Goodluck Jonathan has sent the latest draft of the Petroleum Industry Bill (PIB) to the National Assembly for debate.

“I am happy to announce to you that this morning Mr President forwarded the Petroleum Industry Bill to the national assembly,” Mrs Alison-Madueke told reporters at the presidential villa.

The long-delayed and complex bill could be one of the most important pieces of legislation in the history of the oil industry in Nigeria, changing everything from fiscal terms to the make-up of the state-oil firm.

Several drafts have been drawn up in recent years but have been scrapped or re-written because government, lawmakers and foreign oil companies couldn’t agree on details.