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20 May 2011
The likelihood of a passage of the Petroleum Industry Bill (PIB) by the National Assembly remains shaky with barely a week to the end of the current lawmaking session.
As of Thursday, the House of Representatives only managed through eight clauses of the two-year-old, 406-claused legislation while the senate's consideration, scheduled for the same day, did not materialise. This has raised the possibility that the multimillion naira process will be restarted when new lawmakers resume in June.
The bill, a voluminous set of new rules, is expected to expand Nigeria
Current rules in both chambers bar the continuance of bills originated in a previous legislative session, stipulating by implication, a mandatory passage within the four-year term. Lawmakers have said the order may be reviewed to allow transfer of uncompleted cases, and the senate last week kicked off a process of amendment signalling the possibility the long-awaited bill may not be delivered before June 4.
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