 President Muammar Dubuari has signed the Petroleum Industry Bill PIB 2021 into law. Presidential spokesman Femi Aditioner announced on Monday that President Buhari has sent it to the bill today to fulfill his constitutional duty. The PIB had been in the work since the tenure of former President Ulysses Gwombasanjo who led Nigeria between 1999 and 2007. The Petroleum Industry Act provides legal governance, regulatory and fiscal framework for the Nigerian Petroleum Industry, the development of host communities and related matters. The Senate had passed the bill on July 15, 2021 while the House of Representatives did the same on July 16. The ceremonial part of the new legislation would be done on Wednesday after the president completes his 14-day mandatory isolation since he returned from the United Kingdom. Hello. Hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.