Continental Focus, International Reach

Buhari Rebuffs Portion of PIB

Sunday, September 2, 2018

Media reports out of Nigeria have the presidency rebuffing the portion of the country’s petroleum industry bill (PIB) due to issues with its current form. The PIB has been in the making for more than a decade and has seen plenty of delays that have held up investment in the country’s oil and gas industry.

The presidency said it had sent the Petroleum Industry Governance Bill (PIGB), dealing in part with the management of the NNPC, back to the National Assembly.

A portion of President Mohammadu Buhari’s disagreement with lawmakers is the fact that the bill would reduce the power of the president and oil minister to oversee and award oil licenses and contracts, said a person with knowledge of the matter.


« GO BACK