Nigerian President Muhammadu Buhari has commenced the rapid implementation of the Petroleum Industry Act by approving a steering committee to monitor/direct the process. ayokinews.com reports
This was made known in a statement released by the Special Adviser to the President on Media and Publicity, Femi Adesina, who disclosed that the steering committee would be headed and directed by the honorable Minister of State, Petroleum Resources, Timipre Sylva.
The statement reads, “The primary responsibility of the steering committee shall be to guide the effective and timely implementation of the PIA in the course of transition to the petroleum industry envisaged in the reform program, and ensure that the new institutions created have the full capability to deliver on their mandate under the new legislation.
“The committee has 12 months duration for the assignment, and periodic updates will be given to Mr. President.”
Other members of the steering committee approved by President Muhammadu Buhari are, Permanent Secretary, Ministry of Petroleum Resources; Group Managing Director, NNPC; Executive Chairman, FIRS; Representative of the Ministry of Justice; Representative of the Ministry of Finance, Budget and National Planning; Senior Special Assistant to the President on Natural Resources; Barrister Olufemi Lijadu as External Legal Adviser; while the Executive Secretary, Petroleum Technology Development Fund, will serve as Head of the Coordinating Secretariat and the Implementation Working Group.