BREAKING: Buhari signs law that will significantly increase Nigeria's oil earnings

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President Muhammadu Buhari has signed the Deep Offshore and Inland Basin Production Sharing Contract (PSC) Amendment Bill into law.

The law will significantly increase Nigeria’s share of earnings earned from oil wells offshore the country.

“This afternoon I assented to the Bill amending the Deep Offshore Act. This is a landmark moment for Nigeria; let me use this opportunity to thank the National Assembly for the cooperation that produced this long-overdue amendment,” the president said on Monday. Section 16 of the Deep Offshore and Inland Basin Production Sharing Contracts Act Cap. D3. LFN 2004 spelt out the conditions under which the PSCs should be reviewed.

 

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You media houses in Nigeria are the ones giving this imbecilic government coverage where did MBuhari sign the Law, at Aso rock or at a London Hospital? Has the British Prime Minister ever signed Laws of Britain while visiting Nigeria? You journalist are 70% problem in Nigeria

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Dig the ditch even dipper...

Ma Shaa Allah!!! Alhamdulillah!!! President Muhammadu Buhari Nigerians are solidly behind you and your administration. No weapon passion against MBuhari shall prosper. Your haters will continue to be in severe pain. In Shaa Allah!!!

Great our able president. Even at the Abuja house, London on 'private visit' he works, wow!

Oil is the main reason he wanted to be President and to keep the South from seceding from this Lord Luggard creation.

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