President Buhari signs Petroleum Industry Bill into law
President Muhammadu Buhari has signed the Petroleum Industry Bill (PIB) 2021 into law. In statement issued by Femi Adesina, presidential spokesman, Buhari assented to the bill on Monday in his determination to fulfill his constitutional duty. The passage of the PIB has proved to be a real nightmare for successive administrations since the need for the bill was first mooted by the former President Olusegun Obasanjo administration. In 2018, after the national assembly passed a harmonised version of the bill — the petroleum industry governance bill (PIGB), President Muhammadu Buhari refused assent due to “legal and constitutional reasons”. The PIB…
