Buhari to Receive Long-Awaited Oil Reform Bill

The oil ministry will present a long-awaited oil and gas reform bill to President Muhammadu Buhari, which is aimed at boosting oil output and attracting foreign investment. The Petroleum Industry Reform Bill which has been 20 years in the making, is particularly urgent as dwindling oil demand and lower prices in the time of Covid-19, and the shift  toward renewable energy, has made it tougher to attract investment from oil firms. 

InFocus

(file photo).

Don't Miss

AllAfrica publishes around 900 reports a day from more than 130 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.