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Buhari Sends Petroleum Industry Bill To NASS

 

President Buhari
President Buhari

After a long time, President Muhammadu Buhari has transmitted the eagerly anticipated Petroleum Industry Bill (PIB) to the National Assembly for passage.

This was confirmed in a letter read by Speaker of the House of Representatives, Femi Gbajabiamila at the resumption of plenary on Tuesday.

The President reportedly stated that the bill is expected to carry out significant reforms in the laws governing the petroleum industry, which has been encapsulated in two previous laws.

According to reports, the proposed bill makes provision for the creation of the Nigerian National Petroleum Limited.

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