The Chairman of the House of Representatives Committee on Petroleum Resources , Hon Ikeagwuonu Ugochinyere, has said that the implementation of the Petroleum Industry Act which has become a major concern to key stakeholders would be thoroughly reviewed.
He said, “It is also very important that we would make it known to Nigerians that we feel the pains that Nigerians are going through due to the removal of the subsidy regime. That regime had to go because it was corrupted and that is why the downstream committee of the House on Petroleum resources would do a comprehensive audit of the PMS subsidy regime.
“But if you come now you will see that NNPCL is the main importer of PMS. That is not the main intention of the PIA. The PIA had envisaged a situation where numerous downstream operators would have been involved in the importation of PMS. That we would also look into.
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