NewsPresident Buhari Assented The Petroleum Industry Bill 2021 Into law

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ABUJA — President Muhammadu Buhari has signed the Petroleum Industry Bill 2021 into law.

The Petroleum Industry Act provides a legal, governance, regulatory and fiscal framework for the Nigerian petroleum industry, the development of host communities, and related matters.

A statement from the Special Adviser to the President on Media and Publicity Mr. Femi Adesina says the President assented to the Bill Monday, August 16, in his determination to fulfill his constitutional duty, as 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 Senate had passed the Bill on July 15, 2021, while the House of Representatives did the same on July 16, thus ending a long wait since the early 2000s, and notching another high for the Buhari administration.

Hassan Umar Shallpella (Regional Correspondent)

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