Nigerian president signs long-delayed oil bill into law

Buhari, who recently returned to Nigeria after a medical check in London,"assented to the bill Monday," the presidency said in a statement.

Nigeria, an OPEC member, has lured only a small fraction of global petroleum investments, long troubled by corruption, inefficiency, high production costs and security concerns. The government is worried about the pressure of time, as the world's interest in oil and financing fossil fuel projects diminishes due to climate change.

The PIB also seeks to also address demands from local communities after years of underdevelopment and environmental damage in Nigeria's oil-producing states.

It'll net him and the government more money, so why not?

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