BREAKING: Buhari approves suspension of subsidy removal

From Juliana Taiwo-Obalonye, Abuja

President Muhammadu Buhari has approved the suspension of the removal of fuel subsidy until further notice.

The Minister of State, Petroleum Resources, Timipre Sylva, made the disclosure after meeting with President Muhammadu Buhari.

Addressing the State House Correspondents, the minister said the executive will propose 18 months extension to National Assembly for the implementation of the Petroleum Industry Act (PIA) that was meant to kickstart this February.

100% Natural Herbs to Finally End Premature Ejaculation, Weak Erection and Small Manhood. Click Here Now

Advertisement
.

President Buhari had on 16th August 2021 signed the Petroleum Industry Bill into law.

Buhari’s assent to the bill was in furtherance to the passage of the Bill by both the Senate and the House of Representatives earlier in July 2021.

The PIA is expectedly to grow investors’ confidence in Nigeria’s Petroleum Industry and create more employment opportunities for the populace in the host communities.

Advertisement