Barring any last minute changes, the Senate Joint Committee on Petroleum (Upstream, Downstream and Gas), will on24th Aprillay the final report of the Petroleum Industry Governance Bill (PIGB) before the Senate for consideration and approval.

According to a schedule on the final stages of the Committee’s work, members of the Committee will onTuesday 4th April, 2017, hold their final joint meeting at a one-dayretreat in Abuja.

During the session, the Committee members, among others, would receive further input, deliberate on their findings and recommendations, and conclude their report for submission to the Senate.

Furthermore, they are expected to submit the final printed copy of the report to the Senate onApril 6, 2017, while the main report is expected to be laid before the Senate onApril 24, 2017for final consideration and approval.

It could be recalled that the PIGB, according to the Senate President, Dr. Abubakar Bukola Saraki, during a three-day public hearing organized by the Committee in December 2016, is meant to create efficient and effective governing institutions with clear and separate roles for the petroleum industry.

Besides, he stated that the PIGB also seeks to establish a framework for the creation of commercially oriented and profit driven petroleum entities that ensures value addition and internationalisation of the petroleum industry; promote transparency in the administration of the petroleum resources of Nigeria; and create a conducive business environmentfor petroleum industry operations.