Petroleum Industry Bill, 2020 (HB. 1061)

The bill seeks to establish a framework for the creation of a commercially oriented and profit-driven national petroleum company, promote

transparency, good governance, and accountability in the administration of petroleum resources of Nigeria, foster a business environment conducive for operations in the petroleum industry, and create efficient and effective governing institutions with clear and separate roles for the petroleum industry.

The Bill went through Second reading and was referred to the Ad-Hoc Committee on the Petroleum Industry Bill