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After a 17-year long wait, the Nigerian Senate finally passed the Petroleum Industry Governance Bill (PIGB) into law on Thursday, May 25, 2017. We congratulate the Bukola Saraki-led 8th Senate on the passage of this landmark bill.  Petroleum Industry Governance Bill 2017 proposes, inter alia, the establishment of the Nigeria Petroleum Regulatory Commission, the Petroleum Equalisation Fund and the incorporation of three commercial entities including the Nigeria Petroleum Assets Management Company, National Petroleum Company and the Nigeria Petroleum Liability Management Company.

 

Click here to download a copy of the final report of the Senate Joint Committee on the PIGB: Download Report