President Buhari has faulted the previous government over loss of $50 billion PIB~details below

 The President Muhammadu Buhari led administration has laid blames on the previous government for an estimated loss of $50 billion worth of oil and gas industry investments due to their failure to sign the Petroleum Industry Bill (PIB).

The President who made the allegation at the Aso Rock Villa in Abuja on Wednesday during the ceremony to mark the successful passage and signing of the PIB into law.

According to report the Petroleum Industry Bill was assented by President Buhari on August 16, 2021 after it was passed by the National Assembly but the ceremony to make the passing of the bill into an act was done on Wednesday, 18th August shortly before the weekly Federal Executive Council (FEC) meeting commenced.

According to former Anambra State governor Peter Obi who commented on the president Muhammadu Buhari’s claim said, “Mr president should focus and utilize the remaining years of his administration to reduce hunger menace ravaging the country and her citizens, he said.”