Nigeria News
BREAKING: Despite outcry, Buhari signs Petroleum Industry Bill into Law
The Petroleum Industry Bill (PIB) 2021 was signed into law by President Muhammadu Buhari on Monday.
This was confirmed in a statement provided to DAILY POST by Femi Adesina, the President’s Special Adviser on Media and Publicity.
After the days of obligatory isolation have been completed, the ceremonial element of the new legislation will be completed on Wednesday.
After returning from London on Friday, August 13, Buhari is currently on a five-day COVID-19 quarantine, as mandated by the Presidential Steering Committee.
“The Petroleum Sector Act provides a legal, governance, regulatory, and budgetary framework for the Nigerian petroleum industry, the development of host communities, and related matters,” according to part of the statement.
“On July 15, 2021, the Senate passed the Bill, and the House of Representatives followed suit on July 16, putting an end to a long wait that began in the early 2000s and achieving yet another high for the Buhari administration.”
Guinea’s Junta leader, Mamady Doumbouya elevates himself to Army General
Full list of what Tinubu achieved in October
Food insecurity crisis: UN predicts 7 million more hungry Nigerians by August 2025
Latest update on fuel price hike, fuel scarcity for November 2nd, 2024
Electricity restored in Yobe, Borno States as TCN completes transmission line repairs
Naira appreciates by 0.52% against Dollar, closing at N1,666.72
Tinubu, Jonathan, Peter Obi, others mourn Chief Iwuanyanwu at funeral service
I believe in family, not divorce – May Edochie addresses critics
EFCC gives fresh details on Bobrisky’s alleged ₦15m bribery bribe
Black Market Dollar to Naira Exchange Rate Today 2nd November 2024
Top Nigerian Newspaper Headlines For Today, Saturday, 2nd November, 2024
