BREAKING: Buhari Approves Committee On Petroleum Industry Act

The President, Major General Muhamamdu Buhari (retd. ), has approved a steering committee to monitor the implementation of the newly enacted Petroleum Industry Act.

The steering group will be led by Timipre Sylva, Minister of State for Petroleum Resources, according to a statement released on Wednesday by Femi Adesina, Special Adviser to the President on Media and Publicity.

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.

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.”