By Horatius Egua|Abuja
The Federal Government, on August 27, 2021, officially gazetted the Petroleum Industry Act (PIA), thus making it a public and legal document of the Federal Republic of Nigeria.
The Acts Authentication Act, Chapter 4, LFN 1990 confers legality of the document.
The Act states that Every Act which purports to be published by authority and bears a number and reference to a year and a date of commencement or reference to a section shall be received in all Courts and by all persons as sufficient evidence that it has been assented to in the President’s name.
It would be recalled that the PIA was signed into law on August 16, 2021 by President Muhammadu Buhari, ending over two decades of struggle to get a governance law for the oil and gas sector of the economy.
Our correspondent gathered that upon assenting into Law of the PIA by the President, a signed copy of the document was forwarded to the National Assembly for gazetting.
Sources close to the Presidency told our correspondent, on condition of anonymity that the executive arm of the government joined by staff of the office of the Clerk to the National Assembly as well as Federal Government Printers in Lagos proof read the Law to eliminate errors from the document.
It was learnt that after the typesetting of the document into a standard format, the Federal Government Printers assigned a number to the law and sent it back to the National Assembly for proper documentation.
Our correspondent was told that the the National Assembly formally forwarded the document to the minister of petroleum resources, on Tuesday, thus making it a formal document which has evidential value and can now be used in the courts.