|Nigeria’s President Muhammadu Buhari addressing APC Stakeholders. Photo Credit: The Nation|
President Muhammadu Buhari has ordered the immediate suspension of the arranged removal of fuel subsidy’ until further notice.
This was unveiled to State House Correspondents on Tuesday by the Minister of State for Petroleum Resources Chief Timipre Sylva at the Presidential Villa, Abuja.
As indicated by the Minister, the leader will propose 18-month augmentation to National Assembly for the execution of the Petroleum Industry Act (PIA) intended to departure in February.
Buhari on August 16, 2021 marked the Petroleum Industry Bill into law.
Buhari’s consent to the bill was in assistance to the entry of the Bill by the Senate and the House of Representatives in July 2021.
The PIA is expectedly to develop financial backers’ trust in Petroleum Industry and set out greater work open doors for indigenes of the host networks.