Petroleum Industry Act: States tackle FG today as FAAC meets, NBA advises governors

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Petroleum Industry Act: States tackle FG today as FAAC meets, NBA advises governors - Punch Newspapers

has learnt.

The FAAC consists of the Minister of Finance as chairman, all state commissioners of Finance, state accountants-general, Accountant-General of the Federation and the Permanent Secretary in the Federal Ministry of Finance, who is the secretary.There was a report on Wednesday that before the President signed the PIB, state governors had on August 10 written to ask him to withhold his assent.

“State commissioners will raise the misgiving the states have about the law at the FAAC meeting and take a common position.” He stated, “I am still trying to get to the crux of the Act so that I can review it; it is after I review it that I can make a statement. We are having the FAAC meeting tomorrow ; we will get the law and review it and then get back to you.

 

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What were their actions before the Buhari signed it.

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