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Mele Kyari, the Grou
p Managing Director of the Nigerian National Petroleum Corporation, NNPC will today, brief the Senate on the Petroleum Industry Bill, 2021.
The Nigeria Senate President, Ahmad Lawan disclosed this during today’s plenary said the briefing was to help Senators to be better informed on the technicalities and financial implications of certain provisions in the piece of legislation, adding that the briefing by the NNPC boss would be closed-door, and would be devoted to the consideration of the report, which seeks to reform the country’s petroleum industry.
The Senate had on Tuesday received the report of the Joint Committee on Petroleum (Downstream), Petroleum (Upstream) and Gas Resources on PIB.
According to lawmakers, the bill, first presented in the National Assembly in 2008, aims to streamline how energy assets in Nigeria are operated and funded and would also regulate the oil industry and attract more investment to the sector.
