House of Reps members pass PIB bill, adopt 3% for host communities

The Home of Representatives at the present time July 16, handed the Conference Committee portray on the Petroleum Industry(PIB) Invoice, vote casting 3 percent for host communities in the oil-producing areas. The Home stepped down consideration of the invoice on Thursday, July 15, after a heated debate on the percent to be awarded to host communities ensued. While the South-South lawmakers anticipate of a 5% PIB allocation to host communities, the convention portray authorized 3% allocation for host communities. The quantity in dispute is the percentage of the entire working prices (OPEX) oil corporations are anticipated to contribute to a belief fund created for host communities. This morning, the lawmakers who had been of the ruling APC, voted in resolve on of the PIB invoice. The vote casting for the passage of the invoice took direct in the absence of the minority caucus individuals who had earlier staged a walkout over the controversial Electoral Act (Amendment) Invoice. The submit Home of Reps people pass PIB invoice, undertake 3% for host communities looked first on Linda Ikeji Weblog.

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