The Minister of Finance, Budget, and National Planning, Zainab Ahmed disclosed, this while briefing State House correspondents at the end of the NEC meeting presided over by Vice President Yemi Osinbajo at the Presidential Villa in Abuja.
According to the minister, the NEC concluded in its meeting that it is not a favourable time for the action.
Ahmed stated that the Council deliberated on the matter and resolved that it cannot be removed for now, but equally agreed on the need to continue the discussion on the matter and the necessary preparatory work in conjunction with states and representatives of the incoming administration.
Recall that the federal government had in January 2022, proposed 18 months extension to the National Assembly for the implementation of the Petroleum Industry Act.
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