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NASS buries PIB

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The fate of the Petroleum Industry Bill (PIB) meant to deregulate the nation’s petroleum industry was effectively put to rest by the 7th Assembly, as the Senate held its valedictory service without passing the bill.

In a dramatic futile effort on Thursday, 47 of the 360 members of the House of Representatives passed the controversial Bill in a race to beat the expiration of its tenure today (Friday).

The 47-member chamber held a session, which was presided over by the Deputy Speaker, Mr. Emeka Ihedioha, considered and passed the bill for the third and final time.

However, this was of no effect as the 7th Senate, which formally rounded off its tenure on Thursday, had abandoned the PIB at the committee stage, a development which rendered the passage by the House an “effort in futility.”

By legislative proceedings, a bill is considered passed only when the passage is done by both chambers of the National Assembly.

By implication, the PIB failed to pass at the 7th Assembly, transferring its fate to the incoming 8th Assembly.

With a majority of the incoming 8th Assembly being members of the APC, it is still unclear what will happen to the Bill, which was being pushed by the out-gone PDP administration.

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