***Says it is the biggest and one of the most historic legislation to be signed into law in Nigeria
By Henry Umoru
Deputy Chairman, Senate Committee on Petroleum Resources Upstream, Senator Ifeanyi Ubah, Young Progressives Party, YPP, Anambra South has commended President Muhammadu Buhari for Signing into law, the Deep Offshore and Inland Basin Production Sharing Contract, PSC Bill.
Senator Ubah who was the co-sponsor of the bill said that the signed bill is the biggest and one of the most historic legislation to be signed into law in our country
In a statement he personally signed on Monday, and made available to journalists in Abuja, Senator Ubah said, “To the glory of God, today being November 4, 2019, President Muhammadu Buhari assented to the Bill amending the Deep Offshore and Inland Basin Production Sharing Contract Act which will generate at least $500m additional revenue for the Federal Government in 2020, and over $1bn from 2021.Read Full Story