Senate President, Bukola Saraki, on Monday assured that the crises in the nation’s oil and gas sector will soon be a thing of the past as the senate plan to lay the reviewed version of the petroleum industrial bill at both chambers of the National Assembly next week.
According to him, the Senate and House of Representatives had earlier resolved to jointly work on the bill.
He made this revelation at a one-day National Assembly Business Environment Round table in Abuja, which was attended by stakeholders drawn from the executive, legislature and the private sector.
The event was aimed at seeking workable solutions to the nation’s economic problems as participants deliberated on the recommendations of the Business Environment Legislation Review Report, which was submitted by a team of experts on February 29.
Saraki said, “The Senate and the House of Representatives are working very closely together. As part of this commitment, we will all see next week when we lay down the Petroleum Industry Bill. The bill we are going to lay in both chambers is the same.
Saraki lamented the harsh economic environment in the country and noted that most of the laws regulating the business environment were obsolete.
Source: The Punch