President Muhammadu Buhari’s assent of the Petroleum Industry Bill (PIB) does not translate into automatic removal of the Premium Motor Spirit (PMS) subsidy, Minister of State for Petroleum Resources Timipre Sylva has assured.
Special Adviser on Media to the Minister, Malam Garba Muhammad told The Nation: “We’ll engage you (reporters) on this at the appropriate time.”
Major Oil Marketers Association of Nigeria (MOMAN) also holds the same view.
Its Executive Secretary, Mr. Clement Isong, said: “No minister will provide transitional regulations leading to removal of subsidies now.”
Recall that Checkout Magazine had reported Sylva to have said once the bill becomes a law, subsidy would seize to be.
