FG proposes 18 months extension for PIA implementation

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The federal government says it will propose 18 months extension to the national assembly for the implementation of the Petroleum Industry Act (PIA).

Accordingly, this will allow room for continuous payment of petrol subsidy.

PIA, which made provision for deregulation of the oil and gas industry, was to kickstart this February.

Timipre Sylva, minister of state, petroleum resources, said this while addressing state house correspondents on Tuesday in Abuja.

Details shortly…

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