Minister of State for Petroleum Resources, Timipre Sylva has assured operators in the oil and gas sector as well as other stakeholders that the Petroleum Industry Bill would soon be signed into law by President Muhammadu Buhari.
Recall that the Petroleum Industry Bill was passed into law by the National Assembly last week Thursday.
He stated that the bill would be signed into law because it would ensure openness in the oil sector.
Sylva disclosed this on Thursday when the Board of Trustees of Corruption Reporters led by Yunusa Tanko gave him an award for championing anti-corruption fight by promoting transparency in the petroleum industry.
Sylva said, “The PIB, which has been passed by the National Assembly, would soon be signed into law.
“And it will change the narrative and fast track transparency and openness in the petroleum industry for the development of the nation.”