Atiku govt will seek PIA amendment if law blocks production subsidy – Amaechi

Rotimi Amaechi, representing the Atiku Abubakar presidential campaign, has stated that an incoming administration would seek to amend the Petroleum Industry Act (PIA) should the current legislation hinder the implementation of a proposed petroleum production subsidy. Amaechi indicated that if the existing legal framework prevents the government from subsidizing production costs, they would formally submit a bill to the National Assembly to facilitate the policy change.

The proposed subsidy represents a shift in the campaign's energy policy strategy. By signaling a willingness to pursue legislative amendments, the campaign aims to ensure that its economic objectives regarding fuel production and pricing remain legally viable despite the constraints imposed by the recently enacted petroleum sector reforms.