Nigeria oil reform bill to pass in March

ABUJA, March 19, 2018 – Nigerian President Muhammadu Buhari is expected to sign the Petroleum Industry Governance Bill by the end of March, international media reported Friday.

Nigeria’s House of Representatives passed the Petroleum Industry Governance Bill in January.

“Hopefully, by the end of the month, the National Assembly will transmit it to the president for assent,” Senator Tayo Alasoadura, head of the upper house’s committee on upstream petroleum, told Reuters.

The bill, which envisions the breakup of NOC NNPC into several companies and regulatory authorities, is one of four texts into which the original Petroleum Industry Bill, in the works for decades, was split to expedite passage. It passed the Senate in May 2017.

The remaining parts of the original bill are expected to pass by Q2, according to media reports.

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