<\/p>\n
President Muhammadu Buhari has signed the Petroleum Industry Bill 2021 into law<\/strong>.<\/span><\/p>\n <\/p>\n Special Adviser to the President on Media and Publicity, Femi Adesina, made this known in a statement on Monday, titled, \u2018President Buhari Signs Petroleum Industry Bill Into Law\u2019.<\/span><\/p>\n <\/p>\n The presidential spokesman said his principal signed the controversial bill into law while working in isolation.<\/span><\/p>\n <\/p>\n Adesina said, \u201cWorking 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 fulfil his constitutional duty.<\/span><\/p>\n <\/p>\n \u201cThe ceremonial part of the new legislation will be done on Wednesday, after the days of mandatory isolation would have been fulfilled.<\/span><\/p>\n <\/p>\n \u201cThe Petroleum Industry Act provides legal, governance, regulatory and fiscal framework for the Nigerian petroleum industry, the development of host communities, and related matters.<\/span><\/p>\n <\/p>\n <\/p>\n \u201cThe 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.\u201d<\/span><\/p>\n <\/p>\n The Petroleum Industry Act provides legal, governance, regulatory and fiscal framework for the Nigerian petroleum industry, the development of host communities, and related matters.<\/span><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" President Muhammadu Buhari has signed the Petroleum Industry Bill 2021 into law. Special Adviser to the President on Media and Publicity, Femi Adesina, made this known in a statement on Monday, titled, \u2018President Buhari Signs Petroleum Industry Bill Into Law\u2019. The presidential spokesman said his principal signed the controversial bill into law […]<\/p>\n","protected":false},"author":5,"featured_media":1629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16],"tags":[913,700],"class_list":["post-1628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-pib-bill","tag-president-buhari"],"yoast_head":"\n