Friday, August 20, 2021

Video - President Buhari signs historic oil overhaul into law


President Muhammadu Buhari has signed into law long-awaited legislation to overhaul the oil and gas industry in Africa's biggest crude producer. A harmonised version of the Petroleum Industry Bill completed its passage through both houses of parliament on 16 July, nearly two decades after it was first introduced. The law aims to provide a clearer framework, and simplify taxes and royalties for oil companies working in Africa's top oil producer. For a more detailed look into this, CGTN's Ramah Nyang' had a chat with Dauda Garuba, a Natural Resource Governance Expert.

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