Petroleum Industry Bill

President Buhari signs petroleum industry bill into law

President Buhari signs petroleum industry bill into law

Nigeria’s President Muhammadu Buhari has signed the Petroleum Industry Bill 2021 into law. Working from home in five days quarantine as required by the Presidential Steering Committee on COVID-19 after returning from London on Friday, August 13, the President assented to the Bill Monday, August 16, in his determination to fulfill his constitutional duty. According to Femi Adesina, Special Adviser to the President, Media, and Publicity, the ceremonial part of the new legislation will be done on Wednesday, after the days of mandatory isolation would have been fulfilled. The Petroleum Industry Act provides a legal, governance, regulatory and fiscal framework…
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