Northern governors have criticized the PIB and will lobby their lawmakers | By Iferi Etuk

Debates on the planned introduction of a 5000 naira note and conversion of lower naira denominations to coins will top the deliberations of the senate and House of Representatives as both resume from recess Tuesday.

The lawmakers will also consider the contentious Petroleum Industry Bill (PIB) that has stirred concerns between northern and southern legislators over the past weeks.

Northern governors have criticized the bill and made it clear they will lobby their lawmakers to block its passage seen as unfavourable to the region.

Lawmakers on Monday said the bill will be considered alongside the introduction of the new note, a controversial plan proposed by the Sanusi Lamido Sanusi led Central Bank of Nigeria.

Under the plan, N5, N10, N20 and N50 will be converted to coins while a 5000 naira note will be introduced. The remaining notes are to be redesigned.

Both arms will table motions that will likely seek the stoppage of the policy, the lawmakers who spoke on the condition of anonymity said Monday.

The senate committee on Business and Rules said senate will give ?urgent attention? to the several pressing issues the nation faced while the National Assembly was on break.

?You can speculate what we will do, but we will address those issues,? the committee chairman, Ita Enang said.

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