FAAC meets to review the Petroleum Industry Bill

The 36 state governments will today at the Federation Account and Allocation Committee meeting review the Petroleum Industry Bill, which was signed into law on Monday by the President Muhammadu Buhari.

A top official of the Federal Ministry of Finance, who confided in correspondents yesterday, said the state governments had put the ministry on notice that they would state their grievances with the Petroleum Industry Act at the FAAC meeting.

Ahead of the FAAC meeting, the Nigerian Bar Association advised the state governors to challenge the Act in court. 


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