President Muhammadu Buhari has commenced implementation of the newly signed Petroleum Industry Act by approving a steering committee to oversee the process.
The primary responsibility of the steering committee will be to guide the effective and timely implementation of the PIA in the course of transition to the petroleum industry envisaged in the reform program, and ensure that the new institutions created have the full capability to deliver on their mandate under the new legislation.The committee has 12 months duration for the assignment, and periodic updates will be given to Buhari.
The Senate had passed the Bill on July 15, 2021, while the House of Representatives did the same on July 16, thus ending a long wait since the early 2000s, and notching another high for the Buhari administration.
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BREAKING: Buhari approves steering committee on Petroleum Industry ActBuhari (retd.), has commenced implementation of the newly signed Petroleum Industry Act by approving a steering committee to Why is Bubu featuring in every fuel music? Anything him want make him do abeg, wetin consine us? Money gotten from sales of petroleum , 3% of it will go to the host communities and 30% will go to north That's right niger_delta now mute
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Just see the speed at which he gave his assent to this bill despite vetoing over 200 important Bills, I am sure if oil was found in the North, host communities will be getting 50% but since it's not they r getting a merger 3% The thing southern governors should fight for is resource control because this PiB is a slap in the face
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Buhari meets with security chiefs Thursday | The Guardian Nigeria News - Nigeria and World NewsPresident Muhammadu Buhari will on Thursday confer with security chiefs at the Presidential Villa, Abuja. Buhari returned to Abuja last Friday after 18 days in London, during which he attended an education summit and did health checks. The security forces have in the past few weeks taken the battle more robustly to insurgents, bandits, and […]
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Source: GuardianNigeria - 🏆 1. / 94 Read more »