The President, Major General Muhammadu Buhari (retd. ), has approved a steering committee to oversee the implementation of the newly passed Petroleum Industry Act.
On Wednesday, a statement issued by the Special Adviser to the President on Media and Publicity, Femi Adesina, revealed that the steering committee would be headed by the Minister of State, Petroleum Resources, Timipre Sylva.
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.
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.
They would 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 they will give periodic updates to Mr. President.”
