16 Aug 2021Significant
Petroleum Industry Act signed
President Buhari signed the Petroleum Industry Act after decades of failed reform attempts.
Hall of FameFourth Republic
16 Aug 2021
Petroleum Industry Act signed
President Buhari signed the Petroleum Industry Act after decades of failed reform attempts.
1000reasons.voteEditorial timeline entry
What happened
President Buhari signed the Petroleum Industry Act after decades of failed reform attempts. The law reorganized petroleum governance, fiscal terms, host-community provisions, and NNPC's corporate structure.
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