OPEC said Buhari’s signing of the PIB into law marks a significant milestone for Nigeria’s oil industry.
Mr Buhari assented to the bill on Friday after he returned from his medical vacation in London.
The police invaded the media company after the Dangote refinery spokesman failed to get the newspaper to pull down the story.
The minister said he had extracted a commitment from multinational oil firms to relocate their operational headquarters to the Niger Delta region.
The National Assembly legislators are saboteurs, say Catholic bishops in Nigeria, accusing them of having “perfected the art of sabotaging” Nigerians’ progress.
Ex-Governor Abdullahi Adamu of Nasarawa says nobody but God can change the National Assembly’s decisions on PIB and the electronic transmission of election results.
Governor Sule says three per cent allocation to host communities in oil-producing states in the recently passed Petroleum Industry Bill will not end the Niger Delta crisis.
The southern Governors’ Forum had demanded allocation of five per cent derivation as initially proposed in the PIB by the House.
The three per cent is however against 10 per cent demanded by the host communities and also the initial five per cent agreed to by the House of Reps.
The percentage of total operating expenses (OPEX) that oil firms are supposed to contribute to a trust fund established for host communities is in dispute.
