Nigerian President Buhari Signed The Oil Industry Bill Into Law

Nigerian President Buhari Signed The Oil Industry Bill Into Law
Nigerian President Buhari Signed The Oil Industry Bill Into Law

Nigeria President Muhammadu Buhari Monday signed the Petroleum Industry Bill 2021 into law.
Presidential aide Femi Adesina in a statement said President Buhari, who works from home, approved the bill on Monday, August 16, in his determination to fulfill his constitutional duty.

The Nigerian leader has complied with a mandatory five-day quarantine as requested by the presidential committee on COVID-19 after returning from London on Friday, August 13th.

Mr. Adesina in the statement said “the ceremonial part of the new legislation will be done on a Wednesday after the days of mandatory isolation have been met.
“The petroleum industry law provides legal, governance, regulatory and fiscal framework for the Nigerian petroleum industry, the development of host communities, and related matters.

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The Senate passed the bill on July 15, 2021, while the House of Representatives did the same on July 16, so that a long wait has been completed since the early 2000s, noting another high for the Buhari administration. has. “