Privatisation Of NNPC: The Most Fundamental Problem With The Petroleum Industry Act (Pia) By Femi Aborisade, Esq.
On the 16th day of August 2021, President Mohammadu Buhari signed the Petroleum Industry Bill (PIB) into law. The PIB is henceforth to be referred to as the Petroleum Industry Act (PIA), pursuant to the assent of Mr. President. The PIA has been mostly criticized for providing that the Joint Venture Partners, called Settlors, shall contribute only 3% of their…
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