2021Significant
Petroleum Industry Act signed
Nigeria enacted the Petroleum Industry Act after years of delayed oil-sector reform.
Hall of FameFourth Republic
2021
Petroleum Industry Act signed
Nigeria enacted the Petroleum Industry Act after years of delayed oil-sector reform.
1000reasons.votePIA official portal
What happened
Nigeria enacted the Petroleum Industry Act after years of delayed oil-sector reform. The law reorganized petroleum institutions and aimed to improve investment, transparency, host-community relations, and NNPC's commercial structure.