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. 


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