Nigeria’s journey to the Petroleum Industry Act started in 2000 under President Olusegun Obasanjo, who inaugurated an oil and gas sector reform implementation committee. The committee’s report formed the basis of the first Petroleum Industry Bill eight years later. It was submitted to the National Assembly but not passed. Nor was it passed under the next president, Goodluck Jonathan. President Muhammadu Buhari also declined assent to it in 2018 because of some provisions. It was finally passed by the National Assembly on 1 July 2021 and signed into law by Buhari. Omowumi Iledare explains the significance.
Antibiotics are life-saving drugs produced primarily by microorganisms which have been found in a variety of environments.
From penicillin discovered on mouldy old laboratory plates to tetracycline from soil, these compounds revolutionised medicine. The antibiotic industry is now worth over US$40 billion.
Yet despite the importance of antibiotics, the size of drug companies and continuous research in developed countries, the antibiotic pipeline is almost empty.