The 36 states of the federation have set up a six-man committee on the Petroleum Industry Act with a mandate to study and draw up amendments to the law.
Recall that the Petroleum Industry Bill, which was signed into law by the President last week, has attracted criticisms from some stakeholders, especially state governors and the oil-bearing communities.
While the host communities faulted the three per cent allocated to them, the Nigeria Governors’ Forum stated that the law was against the interest of the states.
CC PUNCH
