OPEC writes Buhari, hails PIB assent

The Organisation of Petroleum Exporting Countries (OPEC) has commended President Muhammadu Buhari for assenting to the Petroleum Industry Bill (PIB).

President Buhari had, earlier on Monday, assented to the bill, which provides legal, governance, regulatory and fiscal framework for the Nigerian petroleum industry, the development of host communities, and related matters.OPEC, in a letter, addressed to Buhari and signed by its Secretary-General, Mohammed Lamido Barkindo Monday night, said the new Petroleum Industry Act marked a significant milestone for Nigeria’s oil industry and a historic achievement for Buhari’s presidency.

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Daily Trust /  🏆 13. in NG

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