PIB Passes First Reading in Senate

Senate

The Senate yesterday resolved to debate the report of the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) presented to it at plenary.

 

This is just as the Petroleum Industry Bill (PIB) sent to the National Assembly last Tuesday by President Muhammadu Buhari passed through first reading at the Senate plenary.

 

The Senate decision to discuss the MTEF/FSP document next week was sequel to the presentation of the report of the Joint Committee on Finance and National Planning and Economic Affairs on the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper.

 

The report, which was presented during plenary, was laid by the Chairman of the Joint Committee, Senator Olamilekan Adeola.

 

President of the Senate, Dr. Ahmad Lawan, thereafter, directed the Committee on Rules and Business to ensure that all senators get copies of the MTEF/FSP report before the debate next week.

 

Also at yesterday’s plenary, the PIB passed through the first reading.

 

The Senate Leader, Yahaya Abdullahi, presented the Executive Bill after which the Senate president read the bill for the first time.

TBI AFRICA

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