 The House of Representatives has passed the Petroleum Industry Bill. The bill scaled third reading against the wishes of Southern Nigerian Governors who want a reversal of the 30% share of NNP's profits for the exploration of frontier basins. The Governors are also against the 3% or 5% host community trust fund. The PIB passed today, was lumped with six other bills and put to a vote, voice vote. That a bill for an act to provide for legal, governance, regulatory and physical framework for the Nigerian petroleum industry, the development of host communities and for related matters 2021 HB 1061, by the leader of the Redis, third time to say aye, those against to say nay. Ayes have it. Hello, hope you enjoyed the news, please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.