The Petroleum Industry Bill (PIB) has passed first reading on the floor of the Senate during plenary on Wednesday.
The Leader of the Senate, Yahaya Abdullahi, presented the proposed legislation and the President of the Senate, Ahmad Lawan, read the bill for the first time.
It was gathered that the leadership of the National Assembly had, on Monday, pledged to accelerate legislative action on the Bill submitted by President Muhammadu Buhari two weeks ago.
The federal parliament, however, vowed to ensure thoroughness in its consideration, which according to the principal officers, would be treated simultaneously with the 2021 national budget.
