Tinubu Orders Major Petroleum Industry Act Overhaul After Oil Revenue Reset
President Bola Ahmed Tinubu has begun preparations for a comprehensive review of the Petroleum Industry Act (PIA) after issuing an executive order mandating direct remittance of all oil and gas revenues into the Federation Account, Presidency sources said. The PIA was enacted in 2021 to modernise Nigeria’s petroleum sector, improve governance and attract investment. It […]
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