Nigeria, Feb. 27 -- The Senate Committee on Finance has disclosed that President Bola Tinubu will soon transmit proposals to the National Assembly seeking amendments to certain provisions of the Petroleum Industry Act (PIA) to reflect Nigeria's current economic realities.

The Chairman of the committee, Sani Musa (APC, Niger East), disclosed this on Thursday when the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Minister of Budget and Economic Planning, Atiku Bagudu, appeared before the committee to defend their proposals for the 2026 budget.

Heads of other agencies under the committee's oversight, including the Nigeria Revenue Service, the Tax Ombudsman Office, the Nigerian Customs Service, and the Off...