Category Archives: Bills


Local content: Extend policy beyond petroleum sector, Akpan urges senate in bill amendment

BY   ETORO-OBONG INYANG The senator representing Akwa Ibom North East senatorial district , Bassey Akpan has urged the Senate to extend the nation’s local content policy beyond the oil and gas industry. Akpan- chairman, Senate committee on petroleum resources upstream made the called at yesterday’s second reading and debate on a bill sponsored by Senator […]

Bill to amend the Deep Offshore and Inland Basin Production Sharing Contract

On the passage of the Bill to amend the Deep Offshore and Inland Basin Production Sharing Contract, Cap D3 LFN (Amendment) Bill 2019, today (15 October,2019), I sincerely wish to thank the president of the Nigerian Senate,Distinguished Sen, Ahmad Ibrahim Lawan, and all my distinguished colleagues, especially the members of the joint committee on Petroleum […]

Senate passes Petroleum Industry Reform Bill

The senate of the Federal Republic of Nigeria on Thursday , 25th May ,2017 passed first tranche of the Petroleum Industry Bill (PIB), called the Petroleum Industry Governance Bill (PIGB) 2017. The bill, which is expected to take care of the governance aspect of the industry, scaled third reading following presentation of report of Joint […]


SPONSOR: Senator Bassey Albert Akpan Mr. President, distinguished colleagues, I shall start the lead debate on this very important Bill with the adage that no country has ever become rich by exporting raw materials and in modern terms, advanced services sector. The more a country specializes in the production of raw materials only, the poorer […]

Senator Albert on bankruptcy and insolvency law

The Senate on Tuesday passed through Second Reading a bill to repeal the twenty-six year old bankruptcy and insolvency law. The proposed legislation is designed to bring about the best laws of managing bankruptcy. Financial expert and Lawmaker representing Akwa Ibom North East Senatorial District, Senator Albert Bassey Akpan supported the bill while calling for […]