PIA: Nigeria Must Win Battle Against $79.4m Daily Oil Theft

Petroleum Industry Act (PIA): A Cornerstone Of Late Muhammadu Buhari’s Legacy

After nearly two decades of legislative gridlock and failed attempts by previous governments, late former President Buhari’s assent to the Petroleum Industry Bill (now Petroleum Industry Act) marked a pivotal moment for Nigeria’s oil and gas sector. This act stands as one of the most significant and enduring legacies of late President Muhammadu Buhari’s administration. The journey to the PIA was arduous, with the Petroleum Industry Bill (PIB) fi…

Nigeria: Reps underlines continued legislative attention to address challenges of PIA - Worldstage

WorldStage Newsonline– The House of Representatives has acknowledged  that a continued legislative attention is absolutely required to address the lingering implementation challenges of the Petroleum Industry Act (PIA 2021) inspite of the fact that it had yielded remarkable results with more than $16 billion investment commitments and significant improvements in oil production. Mr Benjamin Kalu, Deputy Speaker, House of Representatives who state…

Reps Affirm PIA Has Attracted $16bn In Oil Sector Investments

Nigeria’s oil and gas sector has received a significant boost, as lawmakers disclosed that the Petroleum Industry Act (PIA) has attracted over $16 billion in investment commitments within two years of its enactment. This development marks a major turnaround for the nation’s energy industry, which had previously struggled to draw substantial foreign capital due to [...] Source from InfoStride News

Dangote Alleges Corruption in Petroleum Sector, Disputes Nigeria’s Fuel Consumption Figures

President of the Dangote Group, Aliko Dangote, has accused elements within Nigeria’s petroleum sector of manipulating daily fuel consumption figures to enable corruption and justify The post Dangote Alleges Corruption in Petroleum Sector, Disputes Nigeria’s Fuel Consumption Figures appeared first on The Herald.

PIA Attracts $16bn Oil Investments – Reps - Economi Confidential

The Deputy Speaker of the House of Representatives, Benjamin Kalu, on Monday said that the Petroleum Industry Act 2021 has attracted about $16bn worth of investments in the petroleum sector since it was signed into law a few years ago. The post PIA Attracts $16bn Oil Investments – Reps appeared first on Economi Confidential.

Nigeria's Petroleum Industry Act Yielding Results, D’Speaker Kalu

Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu has described the Petroleum Industry Act (PIA) 2021 as a game-changer for Nigeria’s economy. Delivering a lecture titled “Legislation as an Enabler of Compliance, Investment, and Sector Growth: The Role of the National Assembly in Strengthening the Post-PIA Petroleum Landscape” at an event jointly organised... The post Nigeria’s Petroleum Industry Act Yielding Results – Kalu appe…