Buhari Seeks Amendments To PIA

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TDPel Media

In PIA 2021, President Buhari has urged the 9th Assembly to examine the administrative structure of the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Upstream Regulatory Commission. Although the joint National Assembly committees working on the PIB had previously proposed a 5% equity stake for the development of host societies, the Senate led the charge to reduce it to 3%, while the House of Representatives adopted the panel’s recommendation. However, the National Assembly approved the decision of a conference committee formed by the presiding officers of both chambe…

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