Senate President Ahmad Lawan urges President Muhammadu Buhari to transmit bill to National Assembly to amend Petroleum Industry Act (PIA).
Written by News Room on March 3, 2022
Senate President Ahmad Lawan on Wednesday urged President Muhammadu Buhari to transmit a bill to the National Assembly to amend the Petroleum Industry Act (PIA).
Lawan made the call in his remarks before referring the President’s request for the amendment of the 2022 Appropriation Act to the Committee on Appropriation after the bill scaled second reading.
Lawan said a request seeking for an amendment to the PIA would enable the National Assembly extend the subsidy regime in the Petroleum Industry Act.
This, he said, will be in line with the President’s request for an additional 2.557 trillion naira to cover fuel subsidy in the 2022 budget from July this year.
The present subsidy regime is expected to elapse in June 2022, in accordance with the provisions of the Petroleum Industry Act.