News, Seat of Power

Buhari assents to Bill amending the Deep Offshore (and Inland Basin Production Sharing Contract) Act

President Buhari this afternoon assented to the Bill amending the Deep Offshore (and Inland Basin Production Sharing Contract) Act, recently passed into law by the National Assembly. The amended Bill will generate at least 500 million US dollars additional revenue for the Federal Government in 2020, and over one billion dollars from 2021. With him is Chief of Staff Abba Kyari.

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