{"id":40085,"date":"2021-08-17T05:32:20","date_gmt":"2021-08-17T05:32:20","guid":{"rendered":"http:\/\/abdas.org\/?p=40085"},"modified":"2021-08-17T05:32:20","modified_gmt":"2021-08-17T05:32:20","slug":"nigerian-president-muhammadu-buhari-has-signed-a-landmark-oil-reform-measure-into-law","status":"publish","type":"post","link":"https:\/\/abdas.org\/2021\/08\/17\/nigerian-president-muhammadu-buhari-has-signed-a-landmark-oil-reform-measure-into-law\/","title":{"rendered":"Nigerian President Muhammadu Buhari Has Signed A Landmark Oil Reform Measure into Law"},"content":{"rendered":"<p><img loading=\"lazy\" src=\"http:\/\/abdas.org\/wp-content\/uploads\/2021\/08\/olnz-.gif\" alt=\"\" width=\"750\" height=\"375\" class=\"alignnone size-full wp-image-40086\" \/>According to a presidential spokeswoman, Nigerian President Muhammadu Buhari signed into law an oil reorganisation bill that has been in the works for nearly two decades.<\/p>\n<p>Almost every facet of the country&#8217;s oil and gas production is overhauled as part of the programme. Last month, the legislature gave him permission to sign it.<\/p>\n<p>The law has been in the works since the early 2000s, but the sensitivity of prospective changes affecting Nigeria&#8217;s most important source of revenue and foreign cash has thwarted all past attempts at reform.<\/p>\n<p>A provision that major fuel marketers and other observers thought may give Africa&#8217;s richest man, Aliko Dangote, an effective monopoly on fuel sales in Nigeria concerned them, while communities where oil and gas are produced agitated for a larger part of the oil money.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a presidential spokeswoman, Nigerian President Muhammadu Buhari signed into law an oil reorganisation bill that has been in the works for nearly two decades. Almost every facet of &hellip; <\/p>\n","protected":false},"author":49501,"featured_media":40086,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[480],"tags":[],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/posts\/40085"}],"collection":[{"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/users\/49501"}],"replies":[{"embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/comments?post=40085"}],"version-history":[{"count":1,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/posts\/40085\/revisions"}],"predecessor-version":[{"id":40087,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/posts\/40085\/revisions\/40087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/media\/40086"}],"wp:attachment":[{"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/media?parent=40085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/categories?post=40085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abdas.org\/wp-json\/wp\/v2\/tags?post=40085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}