By Ayodele Oni and Akinwale Kasali
After a long wait and several deliberations, President Muhammadu Buhari finally signed the Petroleum Industry Bill 2021 into law.
President Buhari who recently returned from an Educational Summit in United Kingdom, and working from home because he is on self quarantine, as required by the Presidential Steering Committee on COVID-19 assented to the Bill Monday August 16.
The ceremonial part of the new legislation will be done on Wednesday, after the days of mandatory isolation would have been fulfilled.
The Special Adviser to the President on Media and Publicity, Femi Adesina, made this disclosure.
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.
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