PIB: Senate, Reps disagree on contentious clauses, head to Conference Committee

PIB: Senate, Reps disagree on contentious clauses, head to Conference Committee

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The Senate and House of Representatives have passed different versions of the Petroleum Industry Bill (PIB), two weeks after both Chambers of the National Assembly passed different versions of the Bill.

Both Chambers could not reach consensus on the two contentious stakes for host Communities and the Frontier Basins funds.

The Senate Chamber on Wednesday crashed the 5 per cent funds earmarked for host Communities to 3 per cent.

Northern Senators spearheading the push for the reduction while the Frontier Basins funds retained at 30 per cent during the consideration of the Bill on Wednesday.

The decision of Northern lawmakers and governors, seem to have vetoed the decision of their Southern counterparts who had demanded for higher stakes for the Host Communities in the Bill.

But the the House of Representatives, lawmakers passed 5 per cent as recommended by the Joint Committee on Petroleum. Unlike the Senate, the House of Representatives didn’t tamper with the recommendation.

TheNewspad reports that the lawmakers who voted during the Committee meeting, beat retreat and opted for regional interests at the Conference Committee.

A Conference Committee, according to The Sun, was Constituted by the President of the Senate, Ahmad Lawan and Speaker of the House of Representatives, Femi Gbajabiamila, based on Parliamentary principle to reconcile the two positions.

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