Senate passes conference committee report on PIB, retains 3% for host communities

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 By Chibuike Nwabuko

Abuja (Sundiata Post) – The Senate has passed the conference committee report the Senate and House of Representatives the Petroleum Industry Bill, 2021.

The passage followed the approval the recommendations contained in its conference committee report a Bill for and Act to Provide Legal, Governance, Regulatory and Fiscal Framework for the Nigerian Petroleum Industry, the Development of Host Communities and for Related Matters, 2021.

The upper chamber adopted three percent as contribution to the Host Communities Development Fund recommended by the conference committee. 

While the Senate passed three percent for host communities in the PIB, the House Representatives jerked the figure up to five percent in its version.

Some Senators from the South-South such as Seriake Dickson and George Thompson Sekibo, protested the retention three percent for host communities in the conference committee report. 

According to them, their decision to speak against the recommendation the conference committee was to register their support in a way that promotes nothing but the interest of the region.

Sekibo while coming under an order, intimated the Senate President, Ahmad Lawan, and Senators his decision to abstain from voting, as doing so he said, “will put my neck on the line.”

The conference committee report was, thereafter, passed after its consideration by the upper chamber.