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ARTICLE · 07 JANUARY 2026

A Primer On The Petroleum Industry Act (Amendment) Bill 2025

G ELIAS
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The proposed Petroleum Industry Act (Amendment) Bill 2025 (the "Bill") marks a new phase in the Nigeria's petroleum sector reforms. The Bill proposes significant adjustments to the Petroleum Industry Act 2021 ("PIA").

NigeriaEnergy and Natural Resources
Ayodeji Adeyanju
Ayodeji Adeyanju
Blessing Ajaero
Blessing Ajaero
Reginald Ahiakwo
Reginald Ahiakwo
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Introduction

The proposed Petroleum Industry Act (Amendment) Bill 2025 (the "Bill") marks a new phase in the Nigeria's petroleum sector reforms. The Bill proposes significant adjustments to the Petroleum Industry Act 2021 ("PIA"). The Bill was introduced by the Nigerian Parliament in July 2025 to further strengthen fiscal management, delineate regulatory responsibilities and efficiently consolidate government ownership structures.1 The Bill seeks to achieve institutional and regulatory restructuring, the reallocation of concessionaire and contractual roles, the adjustment of corporate shareholding in the Nigerian National Petroleum Company Limited ("NNPCL"), and the governance of non-performing oil assets. Key areas addressed by the Bill includes activities that fall within the jurisdiction of the regulators of the upstream sector, the Nigerian Upstream Regulatory Commission (the "Commission") and mid and downstream sector, the Nigerian Midstream and Downstream

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