President Muhammadu Buhari has begun the process of implementing the newly-signed Petroleum Industry Act (PIA).
He has just approved a steering committee to oversee the implementation process.
The steering committee, according to a presidential spokesperson, Femi Adesina, “is headed by the Minister of State, Petroleum Resources, Timipre Sylva.”
Adesina, in a statement issued onnWednesdsy, listed 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, would serve as Head of the Coordinating Secretariat and the Implementation Working Group.
According to him, “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.”
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