BREAKING: Buhari Appoints Steering Committee On Petroleum Industry Act

President Buhari has appointed members for Steering Committee On Petroleum Industry Act.

 

Newsonline reports that President Muhammdu Buhari has commenced implementation of the newly signed Petroleum Industry Act by approving a steering committee to oversee the process.

 

BREAKING: Fresh Crisis Hits PDP, Wike In War Of Words With Party Caucus

 

A statement issued on Wednesday by the Special Adviser to the President on Media and Publicity, Femi Adesina, revealed that the steering committee will be headed by the Minister of State, Petroleum Resources, Timipre Sylva.

 

FULL LIST: Steering Committee On Petroleum Industry Act

 

Others in the committee 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.

 

ALSO: CBN Freezes Bamboo, Rise Vest, Chaka Technologies, Others Bank Accounts

 

According to the statement, “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.”