The national assembly has passed the historic Petroleum Industry Governance Bill (PIGB).
The bill was passed after Donald Alasodura, senator representing Ondo central, presented a conference committee report on the bill.
The two chambers of the national assembly set up the conference committee after the house of representatives passed theirs on January 17.
It is expected to be sent to President Muhammadu Buhari on Friday for his assent.
If signed into law, the Nigerian National Petroleum Corporation (NNPC) will be unbundled and will start running like proper business units.
More to follow…