Buhari signs Bill amending deep offshore Act

Chidi Samuel| President Muhammadu Buhari on Monday signed the bill amending the Deep Offshore (and Inland Basin Production Sharing Contract) Act.

The President who is currently on a private visit to London, United Kingdom, made this announcement in a post on his official Twitter handle, @MBuhari.

He Tweeted, ”This afternoon I assented to the Bill amending the Deep Offshore (and Inland Basin Production Sharing Contract) 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”.

Deep Offshore (and Inland Basin Production Sharing Contract) Act was recently passed into law by the national assembly.

The President in his tweet appreciated the lawmakers for their cooperation in making the ‘long overdue’ amendment possible.