Senator Hails Buhari For Signing PSC Amendment Bill Into Law

The Chairman, Senate Committee on Petroleum Resources, Upstream, Senator Bassey Albert Akpan, Peoples Democratic Party (PDP), Akwa Ibom North-East, has hailed President Muhammadu Buhari for signing the Deep Offshore and Inland Basin Production Sharing Contract Amendment Act into law.
In a statement he personally signed, yesterday, in Abuja, Akpan, who sponsored the Bill in the Senate, described the action of President Buhari as historic and unprecedented in the history of oil and gas sector.
He also commended the President of the Senate, Dr Ahmed Lawan, and the entire Senate for its resilience and patriotic support towards the passage of this all important and historic amendment.
Akpan also expressed gratitude to the Speaker, House of Representatives, Hon Femi Gbajabiamila and all members of the House for their expeditious concurrence leading to the signing of this amendment into law by Mr. President.
The senator said, “The National Assembly through this renewed collaboration and support to Mr. President has demonstrated its readiness to pass the coming Petroleum Industry Bill (PIB) expeditiously with this passage and signing into law of the PSC Act 2019.