Day: August 21, 2021

Petroleum Industry Saviour: A Terse Breakdown of the Nigerian Petroleum Industry Act, 2021- Okediya Peter O., ACIArb

The ‘newly’ passed Petroleum Industry Act 2021 has been portrayed as Nigeria’s saviour from economic woes and the crippling oil and gas industry, however the Act started off as a bill which was dragged and delayed for nearly twenty years. This directly means the application of the Act was due twenty years ago, save for amendments and modifications by various administrations.