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The House of Representatives, yesterday, passed the harmonised contentious Petroleum Industry Bill (PIB).
The decision followed the adoption of the report of the Mr. Mohammed Monguno-led ad hoc committee on PIB at the plenary presided by Speaker Femi Gbajabiamila.
The House had at its proceedings last Thursday stepped down consideration of the report of the conference committee after lawmakers from the oil rich Niger Delta region spearheaded by Chinyere Igwe and Boma Goodhead vehemently protested against the retention of Senate’s three per cent equity shares as against the five percent proposed by the House for the host communities in the PIB.