The Major Oil Marketers Association of Nigeria (MOMAN) said the abrupt reversal of the Petroleum Industry Act affected the oil and gas industry negatively.
In a long article dated January 19, 2023, titled; ‘The Economic Impact of Removing Fuel Subsidies in Nigeria.’, the major oil marketers said President Muhammadu Buhari signed the PIB 2021 into law in August 2021, only to suspend its implementation in March 2022.
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