The National Assembly may transmit the Petroleum Industry Bill, passed by both chambers of the National Assembly, to President Muhammadu Buhari for assent next week.
A principal officer of the Senate confirmed that the Senate and the House of Representatives would harmonise their different positions on the bill latest by next Tuesday.
The senator said the conference committee of the two chambers, which would harmonise the two versions of the bill, would start sitting before the end of this week.
The coalition said the PIB, which offers the host communities three per cent equity participation, was unacceptable and described it as a mischievous piece of legislation.
The host communities advocated that rather than the PIB to stand alone, it should be merged with the solid mineral Act to better tackle their plights as they were denied the right to their natural resources.
The Chairman of the coalition, Barituka Loanyie, said in a statement that the PIB rather than solve the problems in the oil and gas sector, would end up compounding them.
