Tag Archives: Petroleum Industry Bill

The Lagos Chamber of Commerce and Industry, LCCI has urged the Federal Government to create more understanding about the three per cent revenue allocation to host communities in the Petroleum Industry Act. The President, Major General Muhammadu Buhari (retd.), had on Monday signed the Petroleum Industry Bill into law following …

After a 20-year delay, the much-awaited Petroleum Industry Bill (PIB) was on Thursday, July 1, 2021, passed by the House of Representatives. Speaker of the House of Reps, Mr Femi Gbajabiamila, described the passage of the bill as a “landmark achievement,” commending the 74 members of the PIB committee and …

The Lagos Chamber of Commerce and Industry has drawn government attention towards some provisions in the new Petroleum Industry Bill (PIB). While declaring the chamber’s full support towards governmental efforts to drive industry reform through a new Petroleum Industry Bill, LCCI Director-General, Dr Muda Yusuf said the bill should seek …