President Muhammadu Buhari has shared that Nigeria will now receive equitable income from the natural resources in the country.
He shared the news after assenting to the Deep Offshore Act. He said this new landmark and income will help in building new hospitals, roads, schools and other infrastructure in the country.
He added that the government will continue to work together to deliver on all the promises made to ensure inclusive growth and enhance the welfare of the people.
The president also disclosed that attempts have been made in the past to amend the bill but all failed.
According to the President, this will be the first time Nigerians will receive a fair distribution of our lands since 2003 and this comes with the help of all the oil companies in the country.