The Senate announced on its official twitter feed – @ngrsenate, that the Petroleum Industry Fiscal Bill (PIFB) passed the first hearing. The Bill is the third in the series of petroleum industry-related bills to have commenced the legislative process in the Senate. The first was the Petroleum Industry Governance Bill (PIGB), which we reported as being scheduled for a third hearing in May 2017, whilst the Host Community Bill went through the first hearing in December 2016. The Chairman of the Senate Committee on Petroleum Resources (Upstream), Senator Tayo Alasoadura introduced the PIFB.
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