Senate Leader, Ali Ndume has said the upper chamber had no time to consider the Petroleum Industry Bill now because the PIB is not the priority of the current administration.
Ndume said rather than squander time and resources on the PIB, that was stalled in the 7th National Assembly, senators had been preoccupied with how to first block leakages in the oil sector.
Ndume, who disclosed this during an interview in Abuja, said the Senate had been looking at the Nigerian National Petroleum Corporation (NNPC) Act to determine the financial inflow and outflow of the corporation.
“We are not talking about the PIB for now. The PIB got stuck somehow in the 7th Senate and this is a new government that definitely comes up with an idea of how it intends to run the oil and gas industry.
“This 8th National Assembly is determined to pass the PIB but coming to say when is a question very difficult to answer because right now, we have seven versions of the PIB. Maybe the final one will be presented by the 8th National Assembly,” he said.
He added the Senate could not concentrate on the passage of the PIB now because there were so many unresolved issues about the content of the proposed legislation. He listed these issues to include “the community aspect, joint venture contracts and the partnership issues.”