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Friday, December 27, 2024
The Nigerian solid mineral industry productivity is at an all-time high with a record-breaking volume of production for 2021. According to the National Bureau of Statistics (NBS), Nigeria produced a total of about 89 million tons of solid minerals in 2021 compared to 54Million tons in 2019 signifying a 65% increase in production between 2019 and 2021, There is a 25% increase between 2021 and 2020 when 64 million tons was produced.
What is in the PIA? Who are the stakeholders that the law impacts and how does it impact them? What has changed in the new legal framework relative to the past? But why is it important to gain clarity at all?
The full text of the Nigeria petroleum industry bill officially known as the An Act To Provide Legal, Governance, Regulatory And Fiscal Framework For The Nigerian Petroleum Industry, The Development Of Host Communities And For Related Matters.
