Business
PIB ‘ll Be Passed Into Law March 2021 -Reps

The House of Representatives has announced its plan to pass the Petroleum Industry Bill (PIB) by end of the first quarter of 2021.
The House of Representatives Ad Hoc Committee on PIB disclosed this in Abuja on Wednesday.
The Tide reports that the House had on Tuesday passed the bill for second reading.
The Speaker, Rt. Hon. Femi Gbajabiamilia , had referred the bill to the committee for further legislative processes.
The legislation was titled, ‘A Bill for an Act to Provide for Legal, Governance, Regulatory and Fiscal Framework for the Nigeria Petroleum Industry, Development of Host Communities and for Related Matters’.
Chief Whip of the House and Chairman of the committee, Mohammed Monguno, in his opening speech at the inaugural meeting of the panel on Wednesday, said, “We are confident that this piece of legislation will stand the test of time. Inasmuch as we are eager to pass the bill, we will not circumvent legislative process. It is our hope and belief that the bill will be passed by the end of the first quarter of year 2021”.
He noted that the PIB, when passed into law, would improve clarity of structures, roles accountability, transparency and overall efficiency and effectiveness of the institutions in the oil industry.
He said, “Under our watch as a committee, which I am privileged to chair, it is a general consensus that the passage of this Bill is long overdue. We are taking time to review what has been done by the previous Assemblies and what we need to do differently.
“Prior to the referrer of the bill, the leadership of the House, the Senate and the relevant committees of the National Assembly have been briefed by the Hon. Minister of State for Petroleum Resources, Timipre Sylva, with his team, wherein most of the concerns and controversies contained in the previous drafts have been significantly addressed with this present draft.
“The committee has taken liberty to create a website, www.hrpib.org.ng , as one of the platforms where stakeholders and interested members of the general public can download the text of the bill and also upload comments/inputs/ memoranda to same.”
The Tide recalled that the journey to pass the PIB commenced in 2007 when it was first introduced on the floor of the House.
The passage of the bill has evaded three successive Assemblies, from the 6th Assembly to 8th Assembly.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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