• Thu. Dec 19th, 2024

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  • Senate, House of Reps pass PIB into law, Host communities get 3% allocations from IOCs

Senate, House of Reps pass PIB into law, Host communities get 3% allocations from IOCs

The Senate has finally passed the much talked about Petroleum Industry Bill (PIB) after several years of campaigns and agitations from different stakeholders. The bill has been in the works…