BREAKING: HOUSE OF REP STEP DOWN PETROLEUM BILL.

The lawmakers were heard chanting “five per cent” as against the three pre cent at the floor of the House.
Meanwhile, in the Senate, the three per cent allocation to host communities was adopted despite protests by the senators.
The number in dispute is the percentage of the total operating expenses (OPEX) oil companies are expected to contribute to a trust fund created for host communities.
Two southern senators George Sekibo and Seriake Dickson raised concerns over the approval.
Senator Sekibo said he is not part of the vote on the allocation clause and Senator Dickson said his privilege had been breached as his views were not accommodated.However, Senate President Ahmad Lawan replied that the Senate had taken a resolution on the matter and could not go back on its decision.
The host community allocation was one of the clauses left in consideration after the National Assembly passed the PIB earlier this month.
Earlier in the day, lawmakers from the South-South opposed the harmonised PIB allocation to host communities which