This was disclosed in a signed statement by the Special Adviser to the President on Media and publicity, Femi Adesina.
According to Adesina President Buhari signed the bill into law while in quarantine as required by the Presidential Steering Committee on COVID-19 after his arrival from the United Kingdom.
“The ceremonial part of the new legislation will be done on Wednesday, after the days of mandatory isolation would have been fulfilled,” Adesina noted.
The Petroleum Industry Act provides legal, governance, regulatory and fiscal framework for the Nigerian petroleum industry, the development of host communities, and related matters.
The Senate had passed the bill on July 15 and the House of Representatives followed suit on July 16, 2021, thus ending a long wait since the early 2000s and notching another high for the Buhari administration.
