BY CHUKWUMA NNAM
Nigeria President Muhammadu Buhari has appointed the Minister of State, Petroleum Resources, Chief Timipre Sylva to head the implementation steering committee on the Petroleum Industry Act.
According to Buhari, the steering committee will oversee the commencement of the implementation of the newly signed Petroleum Industry Act, PIA.
The Special Adviser to the President on Media and Publicity, Chief Femi Adesina on Wednesday issued the statement on behalf of President Buhari.
The statement pointed out other members to include 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.
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The statement explained that “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.”
It further stated that the committee has 12 months duration for the assignment and that periodic updates will be given to Mr President.
