NEWSPOLITICS

President Buhari signs PIB into law

By Gena Lubem, Abuja

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 presidential spokesman, Femi Adesina in a press release obtained by News Headquarter, 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 legal, governance, regulatory and fiscal framework for the Nigerian petroleum industry, the development of host communities, and related matters.

“The Senate had passed the Bill on July 15, 2021, while the House of Representatives did same on July 16, thus ending a long wait since early 2000s, and notching another high for the Buhari administration”, Adesina added.

About author

Articles

A prolific writer of about two decades standing experience
Related posts
NEWSPOLITICS

Again, Rep Bamidele Salam trains constituents on animal husbandry and agricultural value chain

...Facilitates grants for participants After just about 2 weeks he empowered several Traders and…
Read more
LIFESTYLENEWS

DG NYSC wins ‘The Sun Award for Public Service’

The Director General of the National Youth Service Corps Brigadier General Shuaibu Ibrahim has again…
Read more
LIFESTYLENEWS

Kyari bags “The Sun Man of The Year” Award

 …Says NNPC will remain transparent, accountable to Nigerians By Gena Lubem, Abuja In yet…
Read more
Newsletter
Get latest news update now

Sign up for News headquarters Daily Digest and get trending updates tailored for you now.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.