President Muhammadu Buhari has approved a steering committee to oversee the implementation process of the newly singed Petroleum Industry Act (PIA). This was disclosed by Special adviser to the president (media and publicity), Femi Adesina, revealing that the committee is headed by the Honourable minister of state petroleum resources, Timipre Sylva. Other members 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. Adesina disclosed that the responsibility of the steering committee is 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. Also, the committee has 12 months duration for the assignment, and are to periodically update the president.
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