After almost 18 years of been in the woods without clear consideration by successive governments and the legislature, President Muhammadu Buhari, has finally received the harmonised copy of the Petroleum Industry Governance Bill (PIGB) from the National Assembly for assent into law.
It was gathered that he PIGB was sent to Buhari on Wednesday by the assembly. The NNRC thus called on the president to assent to the bill as soon as possible to enable reforms in Nigeria’s oil and gas sector kick off immediately.
The assembly had in March 2018, harmonised the PIGB which is expected to introduce new reforms in the governance of the oil industry. The PIGB would also bring up new regulatory agencies in the industry, as well as reform the Nigerian National Petroleum Corporation (NNPC) into a commercially viable entity.